Financial Advisors React to Money Advice on TikTok! (Part 1)

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I really liked the buy low sell high strategy. I should do that more often!

ericb
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Okay so this guy turned 400 into 14k in a month. That's more than 10x return on investment. If this strategy was indeed viable in the long term, he would be the world's richest man in less than a year.

nicksocka
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As a financial advisor, I would say people should start with budgeting. xCC

SugarMamma
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I turned £100 into £2000 in a day, tax free. I put the money on a horse at 20 to 1 odds. Easy. No risk. This is basically what these "get rich quick" systems are like.

AndyA
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God I really hope no one followed that guy’s capital gains tax evasion strategy.

The 18 year old version of myself might have listened to that and thought the reasoning sounded legit... until the IRS knocked on my door.

JaydonTobler
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Subscribed. The energy of you two and the way you interact, is like you've been besties for life

techboi_
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Credit cards are a great way to build up your credit and are a great way to start understanding finances. If you use them accordingly you will always get a nice percentage of your money back, as well as many perks depending on each card. Just always make sure to pay it off completely every month, make sure to only buy things you can afford and of course to select the one specific card that will adjust to your lifestyle. I am currently 21 and just got my 9th credit card. So far it’s been great and I get 2-5% back of all my transactions. Haven’t used my debit card since 2019. Good vid btw

goodnightvids
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9:40 "if you can't pay your bills when you take on debt, They take your stuff" you should go back 200 years, those barbarians used to throw people in prison for debt 😑

ktefccre
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I’m glad that I was the only one who thought these RH TikTok promo videos were crime .

Timtimzi
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That birds and the bees analogy was the greatest of all time I thoroughly enjoyed that

QuantumDivergence
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Lol 😂 @ “the Wesley Snipes strategy”. Lol. 🤣🤣👏🏿👏🏿👏🏿

troywalker
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This reminds me of Tom Green’s magnum opus film, “Freddy Got Fingered”. “I buy the stocks… when they’re low (down here), and then I sell the stocks… and when they’re high (way up here)…” sage advice

SamanthaIreneYTube
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This was comedy gold guys. Thanks for the content, keep it coming!

alexr
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I guess all it takes is to buy when it's going up and then sell when it's going down. I'm gonna retire tomorrow!

Zaerki
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After watching all these videos, these Financial Advisors completely changed their minds, quit their jobs and became dollar billionaires, all they had to do was buy low and sell high.

ЕвгенийБагрянов-нэ
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Long term capital gains tax rate is the only way to avoid taxes in a taxable account.

GTRrocker
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Just wanted to say that +8% per day is *BEYOND INSANE*. If there’s 261 work days in a year and you gain 8% each day, you end up multiplying your money by over 529, 000, 000. That’s right, you’d be the richest person in the world if you started with $100 after a year!

johnnyboy
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I just go +8% a day for 30 days straight is what i always do. I'm not even counting the weekends.

conqueringruler
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These reaction videos are hilarious, please do more!

tommysandwisch
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Anytime someone on TikTok starts talking about options I immediately ignore. They're usually selling a course, and that's their main source of income.

agentx