(soft music playing)
- So, if you don't know this, when you got kids,
you get to learn about so many things
that you didn't even know existed.
The first thing that I discovered was fortnite
but that's just the game fortnite.
It was the Fort night dances.
(soul music playing)
(hip hop music playing)
(soul music playing)
And it didn't matter where I was,
if there was a group of kids,
especially young boys, chances are,
they were busting out some fortnite dances.
- [young Boy] Who likes fortnite?
(kids cheering)
- We like fortnite
We like fortnite
- Even in my own house.
My youngest son became this expert fortnite dancer.
And he learned,
I think it was almost a hundred different dancers
and even taught my wife how to do a few.
(soft music playing)
- Just like any fad,
the fortnite dances,
the attraction wore off and there had to be something new.
Well, this is right around the time
that COVID hit and we all were quarantined.
(man groans)
- Stupid mask.
So everybody's stuck in their homes.
They have nowhere else to go.
Why not try something new?
Why not download a new app?
And for everyone, that app was TikTok.
It feels like every other day,
there's a new social media app.
So here's TikTok added to the list.
If you're not familiar with TikTok,
I'm sure there's a lot of
interesting things that you can find on there.
But one of the most common things
that you can find are people dancing.
And these aren't just my kids
or other younger kids around here, dancing.
You've got parents, you've got professional athletes.
You've got grandmothers that are breaking it down.
(upbeat music)
- Spoiler alert.
You're not going to find me
breaking down any new dance pose on Tik Tok sorry,
but what you will find other than people dancing,
you're also going to find people that are giving investment
and personal finance advice.
And some of the advice is good,
but let's just be real some of it.
- No,
God please, no, no, no (shouting)
- So once I discovered that there's some
really, really, really bad advice going down on TikTok,
I felt it was my duty, my mission to point out
what is some of the worst financial advice,
the worst investment advice that's given on TikTok.
And that's what you're going to see today.
I'm going to give my reaction to some of the
nastiest, ugliest, investing advice you would ever hear.
You're gonna find out what those are and more right now.
Alright, let's go and take a look at the first one.
And I'm already loving the text here.
This stock will make you rich, 1000% increased comment.
Oh yeah, shut the front door here we go.
- This stock is guaranteed to run at least 1000% percent.
I am going to...
- Guarantee, we just went out from the gate, guaranteed.
A guarantee no one else offers.
- Guaranteed 1000%,
like I got my wallet right here, let's go.
- A ton of it when the market opens back up.
So before I tell you the ticker, just comment
and tell me what you think about it
after you find out and make sure you share this video
so your friends can get in on it as well.
- He's just like wake up. I'm a little confused.
On kind of what's going on here.
I can't tell, like there's a teleprompter
and it's going too slow for him or I don't know.
I don't feel like he's being very transparent
even though he is a transparent trader.
- The ticker is.
- Oh, you got me, you got me, let me guess.
- So tell me what your thoughts are, look it up.
And this bad boy is going to run and make us a ton of money.
- You like what he did there.
So I guess we got to sign up for something, some secrets.
I don't know what, but I just, I don't know.
The white wall is that popcorn ceilings that he has?
I don't think he's, cashing some big checks
from all these trade that he's making on these
guaranteed 1000% returns.
I do not think you're being very transparent,
Mr. at transparent underscore traders.
This one big fat fail.
Alright, moving on let's look at the second one.
And right now, I mean, no way,
who is out, we got 10000% return.
You thought that 1000% was a lot, No, no, no, no.
We, amping it up now, we've got 10000% return.
Let's find out what we need to do.
- 10000%, that's how much this sector is about to grow
in the next couple of years.
And these next four stocks, fall under that category.
Number one WDC,
number two STX.
Number three STM
and number four MU.
- He was saying what STX, STM,
I really thought he was going to say STD.
(man laughing)
- Cause I think that's what you might get.
If you follow some of this advice.
Now, these might be good stocks.
And actually, you know what,
let me just find out how these stocks have been doing.
So what was the first talk that he said, let's take a look.
- Number one, WDC, number two. - WDC So how has WDC doing?
We looked at a wetsuit.
He had it at $40 per share.
And I'm not really sure when this was put out,
but right now at the time of this recording,
it is a $37 and 84 cents,
which I believe is a 2 dollar and 16 cents per share loss.
So I don't really think that
you made 10000% return on that one.
What were the other ones he talked about?
Let's find out.
- Number two, STX.
- STX, to see how that one's doing STX trading at $46.
Oh no,
we made 60 cents a share.
So if you made 60 cents a share,
that means percentage wise, you were a whopping 1.3%.
I feel like that decimal point needs to be moved
over a few more times to get to the 10000%.
Either way, that's how much money
you are making from these stock picks.
And that's why you gotta be careful accepting stock picks,
taking stock pick recommendations from Tik Tok.
Charlie, I love you, I love the tie. I love the sweater,
but mhh! Moving on.
Alright, we're moving on from Charlie.
And now we are going to get a stock market crash course.
This is lesson number one from Arrow underscore Coleman.
What you got for me?
- Stock Market Crash Course, lesson one.
- [Coleman] You need to know the flow to the stock
before you enter any trade.
The float of the stock is the amount of shares
offered to the public.
To find the float of the stock,
you'll have to go to Yahoofinance.com.
Knowing the float the stock
will help you determine the demand.
- Do you know how many times I heard float being used,
whenever I was taking my CFP tests
and getting my CFP designation
or in my 16 years of being a practicing financial planner?
Zero, it's good to know this is good information,
but I don't know if this is the missing ingredient
in helping you find that stock.
That's just gonna make you a million.
- [Coleman] To find the demand of the stock.
You'll need to put the volume over the float.
So how many, how many shares are traded so far,
divided by the flow of the stock you're trading.
That'll give you the float rotation.
For example, if the volume for the day so far
is 4 million in the float of the stock
where you're looking up or trying to trade is 2 million.
The float rotation.
- Is four divided by two, two.
I think it is, I'm just hear me out on this.
Like I'm feeling really good that I know the answer.
I think I know the answer, let's find out.
- [Coleman] B two, so the float rotated twice
and the more the float rotates,
the more likely it is for the stock to go to higher prices.
- Oh, that's just actually a great way to end this.
The more time that the float rotates,
the more likely it is for the stock to go higher,
the price to go higher.
Listen, this is all good information,
but this is the same thing like saying, Oh,
I'm going to find a stock with a high PE ratio,
and that means that it's going to go up.
Or if the PE ratio is a certain number,
like that's going to guarantee success.
What's going to make a stock go up, is supply and demand.
Supply and demand period.
What the company's doing.
Are, they adapting to what's going on in the economy?
And I promise you, there are many stocks
that weren't rotating their floats weren't rotating,
we're not on par before the pandemic
that there were afterwards.
That being said, I do appreciate the fact that
he is trying to educate,
like there is no guaranteed 10000% return.
So the fact that he's trying to educate his audience,
like I do respect that.
Plus I think he's wearing bands too, so respect.
(orchestral music playing)
Alright, we're onto the next one.
And this one looks very, very promising.
We've got some option trading tips and you're going to make
50 to 70% every time.
Not all the time,
not sometimes every time let's find out what this trading
tip business option trading tip.
- Well,
if you guys are really not that good at option trading.
- Yo, if you are really not that good at options trading,
then this is, this is it.
James, James,
- Around times
- You and I buddy, you and I fist bump.
Speak to me, speak to me.
- You need to make money. You know, you want to make money.
You want it to be safe.
Here's the best strategy for me to show you real quick,
it's called an iron condor.
Basically you will get $700,
so you don't get a 70% return on this money.
Instantly.
The most you can lose is a $300
because you already get the 700.
- So I guess what I'm hearing right now is,
you get the 700 and you could only lose 300.
So, I mean, that's the worst case scenario and I'm,
I know he just started.
I know that he just started explaining this,
but how ma how many of these trays,
these iron clad trades could the average investor
attempt bail lose 300,
lose 300 and then they're wiped out completely.
I mean, that is one stimulus check gone,
gone, gone
begin with and the price and the stock just cannot move
higher than 700 or lower than 1400.
That's the only way you'll lose money.
If it stays in between, you'll make money.
- It's all you gotta do. Just gotta stay in between.
And you're good to go like listen, options trading.
We can, we can make it sound so simple
in a 37 second TikTok episode.
But the reality is that options trading is complex.
You can lose everything and then some in an instant,
it can get really scary.
Can you make money?
Sure. You can make money, but I promise you.
It's not as simple as this video shares.
Otherwise we would all be raking in the dough.
Are we're onto the next one.
We've got, I am Curtis Ray.
And we're talking about how he can start an account,
or I guess somebody's asking him if he can start an account
at the age of 17.
Let's find out what I am Curtis Ray has to say,
and yes, that's totally right.
You can start an MPI count
when you're 16 years old or older.
If you're under 16,
your parents have to set it up for you.
If you can start an MPI count now,
you can have a retirement income
of up to six figures by your 40th birthday.
- Okay?
I do like the fact that
he is encouraging a 17 year old to invest.
He just said MPI account.
I actually had to do a quick search to find out what exactly
is an MPI account, and this is what I found.
MPI is an optimally designed supercharged index,
universal life policy.
(groans)
I am Curtis Ray. I am Curtis Ray.
I am, I am not too pleased with you.
If you don't know this already, gosh,
you know what else you can do when you're 16,
if you have income,
you can start a Roth IRA.
That's correct.
You can start investing into a Roth IRA,
buying individual stocks,
buying ETS mutual funds
and not put your money into a high fee,
low return piece of crap investment like an index universal
life policy.
Sorry, a little bit of a rant, a little bit of a rant.
I'm back.
Maybe I need to do another separate video
why I despise these IUL?
Is there a place for IUL sometimes.
Yes.
For a 17 year old for a 17 year old.
Yeah, no, no, no.
- No, no, no.
- No, no, no, no, no, no, no.
- All right. Moving on from say it ain't so Curtis Ray,
that was supposed to rhyme. It did not.
That's okay, here we go.
We got another one here.
Learn how you can make 500% return on your risk in less,
in less than 20 minutes.
That's almost half the time of episode of the office.
So, all right.
I can, I can respect that.
Let's find out what's going on here.
- [Man Speaking] What's going on tik tok,
It's Thursday morning.
This is the alert on Magoo
that we sent out to our members this morning
and buying break at five 30,
stop at five 20 profit targets, everything good.
- I mean, I could just,
I could watch him just with the music.
Ah.
- What's going on TikTok.
It's Thursday morning.
This is the alert.
(beep)
- Ooh, sorry about that.
Had the bus, that little dance party.
I mean, this music is contagious,
but let's find out about this whole 500% 20 minutes.
So let's finish the video.
- [man Talking] Five 30
and straight up parabolic move all the way up.
Exactly to where we had our predetermined levels at
for about an average cell.
We took profits here at five 65 and just bell six,
but an average sell of five to 85,
that is 500% your risk.
So if you would have risked $100,
you'd have made 500 bucks.
If you had a risk,
a thousand dollars, you would've made $5,000.
Stop struggling. Guys, come over,
join us at trade alerts team and we'll help you out.
Thanks guys. Have a good one.
- Well, what about the trades that don't always work out?
Do you want to mention those?
Because I don't think there's always works out
and let's also 500% return on 20 minutes of your time.
How long do you think that it took one to purchase this
tracking software to learn how to use it?
I mean, there is a learning curve attached
to even understanding what he is talking about right now
and I promise you, it took him a longer than 20 minutes,
but, you know if you want to go to trade alert,
stream.com, whatever.
I'm sure that there's some sort of private community that
you can pay to be a part of.
And you give you all the trades that you want,
that you can make your 500% return in less than 20 minutes
before Warren though,
you might actually lose some money in
quicker than 20 minutes.
Are we got the last one here
and we are going off with a bang
because we got some BIP stock tip from at stock VIP
and some expert analysis is going to give us
their three penny stocks.
So let's check it.
- [Instructor] Hello investors,
expert analyst Michael Marcus is back
to give us his top three strong buy rated penny stocks.
- Oh, I mean, this music is intro music.
I feel like I'm in like gladiators or something.
- [Instructor] Michael Marcus is back
to give us his top three good seat outsized gains.
Michael Marcus is same trader
that turned 30,000 into $80 million.
Let's see what he has to offer.
Ticker number one,
I N S E priced at $3 and 28 cents
looking at a strong buy price reading 160% upside.
- So strong.
- Ticker number two, CCO priced at 95 cents.
Another strong by price rating at a 98% upside.
- Yeah.
- And lastly...
- I mean I might have to go out for a run right now
because this music I'm like, I'm getting pumped.
Like I'm ready to just go conquer a Spartan race or
something right now. So yeah,
I know I'm gonna make this 80% upside.
Oh, show.
- Ticker number Three, P X L W
priced at $3 and 28 cents looking at an 80% upside.
- Anytime I see these always wonder,
like where, where do they actually get
these penny stock recommendations from?
So let's just go and look at this last one,
just so you can kind of see we've got P X L w
the time of that recording July the 10th, $3 and 28 cents.
And we've got an 80% upside, I'm sorry.
A potential potential 80% upside
and how did it do boo-yah Oh,
check it, $2 and 29 cents
Hm.
I think we're down a buck.
I think we're down.
Yeah. I don't think there's a 80% upside there.
Ah, Hm.
Hm.
Please tell me that you are not watching these and then
immediately going to Robin hood or whatever investment
account that you could open that is accepting trades for
penny stocks,
because you're probably losing money
and you don't want to lose money.
Losing money is not fun that's not how you make money.
You know, Warren Buffett's
number one rule to investing is to never lose money.
Well, P X L W you bought it whenever VIP stock,
like VIP whatever,
suggested it, then you just made Warren man.
All right.
So does that mean that there isn't any good investing or
personal finance information on tik tok?
I'm sure that there is,
I'm sure that there's some high quality TikTokers that
are putting out some good content.
So it's not like
the platform needs to be banned or anything.
- We're looking at TikTok.
We maybe be banning TikTok
- But seriously,
I can't be mad at any platform that is offering education
for personal finance investing,
especially if you don't know any of this stuff.
So whether it be TikTok, Instagram, Twitter, or YouTube,
as long as you're educating yourself and doing your own
research before you start taking action and investing the
things that you don't understand,
that I have zero problem with TikTok.
I just have a few issues
with some of the videos that we cover today.
So who is your favorite TikToker?
Those putting out some good personal finance or investing
information, link them up in the comments below.
I want to be sure to give a shout out to these TikTokers.
Is that what you even call them nowadays?
I feel like I'm so old. Yeah.
So let me know.
I want to know who the good TikTokers are
so we can give us some prompts on the wealth hacker channel,
also, if you haven't yet,
go ahead and smash that like button subscribe
and as a reminder, this is Jeff Rose
telling you that it's your money,
it's your life
and only you can make it also until next time.
(soft music playing)