The Plain Bagel

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Trump started - then postponed - a trade war with Canada. Let's go over what happened, and why the tariffs were so controversial

If you'd like to support the channel, you can do so at https://www.patreon.com/c/ThePlainBagel :)

DISCLAIMER:
This channel is for education purposes only and is not affiliated with any financial institution, although Richard does work as an employee for an investment manager. Richard Coffin does not provide recomm...

Every so often, the markets take a tumble, sometimes of a material magnitude. What causes these drops, and why do they happen when things are up? Let's explore these questions and more with today's episode.

Intro/Outro Music: https://www.bensound.com/royalty-free-music

DISCLAIMER:
This channel is for education purposes only and is not affiliated with any financial institution. Richard Coffin is not registered to provide investment advice and as such does not provide recommendations on The Plain Bagel - those looking for investment advice should seek out a registered professional. Richard is not...

Video of Jerome Powell Jackson Hole speech: https://www.youtube.com/watch?v=PZdOFw-gTo8
Speech Transcript: https://www.federalreserve.gov/newsevents/speech/powell20250822a.htm

Video on the impact rates cuts have on stocks: https://youtu.be/rSpVmpiUTTM
Video on the Petrodollar Agreement: https://youtu.be/XK8DQEyXODU

This past Friday we had rumours circulate that Federal Reserve Chair Jerome Powell had abandoned the bank's 2% inflation target. Today, we dive into what ACTUALLY happened at the Jackson Hole address.

If you'd like to support the channel, you can do so at...

00:00 - Introduction
03:44 - SpaceX Overview
04:53 - IPO Details
05:47 - Insane Valuation
06:53 - The Wild Prospectus
11:02 - The Retail Push
11:38 - Other IPOs (Anthropic and OpenAI)
13:23 - The Concerns
16:56 - Crowding Out Risk
17:58 - The AI Bubble
20:24 - Concluding Thoughts

SpaceX IPOs today, and Anthropic/OpenAI are looking to go public in the near term. Today we discuss the trend, what it means for markets, and how it balances against fears of an AI bubble.

DISCLAIMER:
This channel is for education purposes only and does...

Everyone believes we're in a bubble...so why are companies still spending hundreds of billions on the space? We lay things out in today's video.

If you'd like to support the channel, you can do so at https://www.patreon.com/c/ThePlainBagel :)

DISCLAIMER:
This channel is for education purposes only and is not affiliated with any financial institution, although Richard does work as an employee for an investment manager. Richard Coffin does not provide recommendations on The Plain Bagel - those looking for investment advice should seek out a registered professional. Richard is...

Check out Brandon Beavis' channel, Brandon Beavis Investing! Great guy with an impressive number of investment certifications for his age!

https://www.youtube.com/channel/UCoYDuEolAYsjQzzqe2dh1sg

Episode Music:
Marty Gots a Plan by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100671

DISCLAIMER:
Richard does not have a personal holding in any of the referenced companies. The videos on this channel are for education purposes only and do not constitute financial advice...

00:00 - Intro
02:12 - Iran Primer
03:36 - Iran’s Oil
04:55 - The Strait of Hormuz
08:17 - Global Economic Impacts
11:11 - How This Impacts the US?
12:40 - What About Stocks?
13:17 - Final Considerations

The Impact of War on Markets and the Economy: https://youtu.be/vl156QpXr5g?si=1QIYNSTklODaVS3B

On February 28th, the US and Israel launched a massive military operation in Iran aimed to hamstringing the countries military aspirations, and seemingly to bring about a complete regime change. Today, we dive into why economists are bracing for an...

To learn for free on Brilliant, go to https://brilliant.org/theplainbagel. Brilliant’s also giving viewers 20% off an annual Premium subscription, which gives you unlimited daily access to everything on Brilliant!

00:00 - Introduction
02:09 - The Origin of 2% Inflation
04:03 - Argument for 2%
06:57 - Why Not Deflation?
09:21 - Costs and Considerations
12:30 - Why the Target Won't Change
13:48 - Sponsor

Despite economists warning on the negative impact of tariffs, the US has been reporting stronger-than-expected GDP growth, record tariff revenue, and trillions of inbound investment commitments. Let's dive into whether tariffs ar...

Welcome to The Plain Bagel! If you are looking to expand your knowledge in the areas of finance and investing, than you've come to the right place!

Music:
https://www.bensound.com/royalty-free-music

Citations:
https://beta.theglobeandmail.com/report-on-business/rob-commentary/how-should-canada-teach-financial-literacy-in-schools/article27265820/?ref=http://www.theglobeandmail.com&

**Edit** there is no distinction between short-term and long-term capital gains tax in Canada. Favourable taxes are only NOT provided in some instances of day trading - you CAN trade within the same year and still receive the favourable tax rate in Canada.

The Plain Bagel Episode IX

Tax is a pretty confusing field, yet it's essential for investors to learn. To help you get started, here are some high-level concepts on how investments accrue taxes, and what you can do to minimize the amount you owe.

REIT Tax Link: https://www.dividendearner...

**Edit**: most mutual funds require a minimum initial investment that can range anywhere from $100 to $3000, though the amount varies depending on the fund.

The Plain Bagel Episode V

For investors looking to outsource the investment management process, their are plenty of options available. This video covers "managed solutions," including Discretionary Managers, Mutual Funds, and Hedge Funds.

Intro/Outro Music: https://www.bensound.com/royalty-free-music
Episode Music (Licensed): http://freemusicarchive.org/music/Podington_Bear/

Take your personal data back with Incogni! Use code BAGEL at the link below and get 60% off an annual plan: https://incogni.com/bagel

NOTE: Richard does not hold any position (long or short) in Robinhood.

Robinhood recently launched a new tokenized stock offering for private companies SpaceX and OpenAI...without the companies' approval. Today we dive into how the tokens work, the risks faced by investors, and implications for the broader finance industry.

If you'd like to support the channel, you can do so at https://www.patreon.com/c/ThePlainBagel :)
<...

Index funds are some of the most popular investment vehicles around, and yet few fully understand how indices work. So today, let's take a moment to understand what constitutes an index, and how we can use them to invest.

Intro/Outro Music: https://www.bensound.com/royalty-free-music
Episode Music: http://freemusicarchive.org/music/Podington_Bear/

DISCLAIMER:
This channel is for education purposes only and is not affiliated with any financial institution. Richard Coffin is not registered to provide investment advice and as such does not provide recommendations on The Plain Bagel - those...

00:00 - Introduction
02:23 - ChatGPT Announcement
05:44 - The Pros
07:54 - Advice Concerns
10:09 - Regulatory Ambiguity
14:22 - Considerations for Using AI Advisors
16:56 - Will AI Replace Advisors?

Dead on the Money Podcast Episode: https://youtu.be/po9zpbVQOYE?si=1B2Ff87jzRakyMdr

ChatGPT announced this week that it would allow users to connect their bank/investment accounts to the platform to receive AI advice for their finances - today we dive into the implications.

DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice...

Topics addressed in today's video:

- How Canada taxes short-term traders
- How long synthetic stocks last
- 2008
- Duration & convexity
- The value of non-voting shares

https://www.youtube.com/channel/UCoYDuEolAYsjQzzqe2dh1sg

Episode Music:
Marty Gots a Plan by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100671

DISCLAIMER:
The videos on this channel are for education purposes only and do not constitute financial advice...

Last weekend, the US captured Venezuelan dictator Nicolas Maduro and made moves to secure the country's oil. Today we'll discuss the feasibility of building out Venezuela's oil industry, and the risk it poses to Canada as a key oil supplier to the US.

DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The...

Trump has signed an executive order to establish a sovereign wealth fund - let's dive into what SWFs are, and what they would mean for the US.

If you'd like to support the channel, you can do so at https://www.patreon.com/c/ThePlainBagel :)

DISCLAIMER:
This channel is for education purposes only and is not affiliated with any financial institution, although Richard does work as an employee for an investment manager. Richard Coffin does not provide recommendations on The Plain Bagel - those looking for investment advice should seek out a registered professional...

Very excited to announce the latest project for my channel, I hope you're all excited for this new content!

The Plain Bagel Episode I

Let's start from the beginning - what is investing? This video covers some basic concepts, and strives to argue why its important to learn more about investing.

To skip over the basic concept's section, jump to 3:08.

Intro/Outro Music: https://www.bensound.com/royalty-free-music
Episode Music (Licensed): http://freemusicarchive.org/music/Podington_Bear/

Sources:
https://www.canadianveterinarians.net/documents/canada-s-pet-wellness-report2011
http://www.broadbentinstitute.ca/canadians_approaching_retirement_with_totally_inadequate_savings_seniors_poverty_rates_increasing_new_study
http://business.financialpost.com/personal-finance...

00:00 - Introduction
02:45 - Primer
05:11 - Why are yields rising
05:58 - Credit Rating Downgrade
07:57 - One Big Beautiful Bill
09:33 - The Weak 20-year Auction
10:55 - Japan’s Role?
11:26 - Why High Yields Matter
13:30 - Why it’s not a financial crisis

Link to video comparing US banks to Silicon Valley Bank: https://youtu.be/ZPlrkr1qaE0?si=mwyYceZiSl-B0qsn

If you'd like to support the channel, you can do so at https://www.patreon.com/c/ThePlainBagel :)

DISCLAIMER:
This channel is for education purposes only and...

Ever wonder what all the hype around dividends is? With today's video, we'll dive into how dividends work, why people like them so much, and what to look out for when hunting them down.

Intro/Outro Music: https://www.bensound.com/royalty-free-music
Episode Music: http://freemusicarchive.org/music/Podington_Bear/

DISCLAIMER:
Richard does not have a personal position in any of the referenced companies. This channel is for education purposes only and is not affiliated with any financial institution. Richard Coffin is not registered to provide investment advice and as such does not...

The Plain Bagel Q&A 2

Question topics: The time it takes to invest, how to buy investments, gambling, income vs revenue, renting vs buying real estate

*I apologize for the color issues with the video – we had technical lighting difficulties while filming*


Episode Music:
Marty Gots a Plan by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100671
Artist: http://incompetech.com/

The Plain Bagel Episode VII

There are many different philosophies that investors follow when making investment decisions, some of which directly conflict with other schools of thought. In this video, we'll go over the Active vs Passive debate, as well as Fundamental, Technical, and Quantitative investing.

Intro/Outro Music: https://www.bensound.com/royalty-free-music
Episode Music (Licensed): http://freemusicarchive.org/music/Podington_Bear/
Drumming footage:
http://www.freemediabank.com/rock-concert-free-hd-stock-footage/

Before you buy a weed stock, or tell someone else to do so, make sure you understand these fundamental risks... Richard is NOT a financial adviser, and the points expressed in this video are Richard's opinion. Richard does not have any position in marijuana stocks.

Other concerns:

-Some marijuana companies have been issuing shares at a rapid pace, increasing the risk of dilution for current shareholders.

-Companies acquiring their competitors face a lot of execution risk as they integrate their targets. Plants may need to shut down, employees may need to retrain, and...

With Crypto Week having drawn to a close, let's take some time to go through the laws that have passed, and what's trying to be passed - we'll go over the Genius Act, Clarity Act, and Anti-CBDC Act.

If you'd like to support the channel, you can do so at https://www.patreon.com/c/ThePlainBagel :)

DISCLAIMER:
This channel is for education purposes only and is not affiliated with any financial institution, although Richard does work as an employee for an investment manager. Richard Coffin does not provide recommendations on The Plain Bagel...

It's a big deal when a stock IPOs, and you may be interested in participating, but it's important to understand the IPO process before jumping on the bandwagon, because as you'll see, you face some unique risks and disadvantages when buying a company's first shares.

Intro/Outro Music: https://www.bensound.com/royalty-free-music

DISCLAIMER:
Richard does not have a personal holding in any of the referenced companies. This channel is for education purposes only and is not affiliated with any financial institution. Richard Coffin is not registered to provide investment advice and as such...

Interest rates are on the rise in both Canada and the U.S., what does this mean for consumers and investors? Find out with today's episode!

Intro/Outro Music: https://www.bensound.com/royalty-free-music
Episode Music: http://freemusicarchive.org/music/Podington_Bear/

The Plain Bagel Episode VI

Managed solutions can come with pretty high fees, which has led to the development of low cost investment vehicle alternatives. In this video, we discuss the popular Exchange-Traded Fund (ETF) as well as the topical Robo-Advisor.

Intro/Outro Music: https://www.bensound.com/royalty-free-music
Episode Music (Licensed): http://freemusicarchive.org/music/Podington_Bear/

Sources:
https://www.ific.ca/en/info/stats-and-facts/
https://www.investopedia.com/terms/r/roboadvisor-roboadviser.asp

It's Christmas season, you know what that means - more financial TikToks.

My name is Richard Coffin, I'm an investment analyst with my Chartered Financial Analyst and Certified Financial Planner designations, registered with the Ontario Securities Commission as a portfolio manager.

Cover call video: https://youtu.be/R0JeJdiJc1A?si=WN-kRgKH0heQg3WE

DISCLAIMER:
This channel is for education purposes only and is not affiliated with any financial institution, although Richard does work as an employee for an investment manager. Richard Coffin does not provide recommendations on The Plain Bagel...

To clarify, Hitler was NOT the founder of the Nazi party, sorry for any confusion!

The Great Depression was the worst economic downturn of the industrialized world, crippling the wealth of Americans throughout the 1930's. How did it happen? Let's find out with a 5 Minute History Lesson.

Intro/Outro Music: https://www.bensound.com/royalty-free-music
Episode Music:
Faster Does It by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100794
Artist: http://incompetech.com/

Before you buy bitcoin, or tell someone else to do so, make sure you understand these fundamental risks...

Richard is NOT a financial adviser, and the points expressed in this video are Richard's opinion. Richard does not have any position in Bitcoin.

Sources:
https://www.bloomberg.com/news/articles/2017-12-04/israeli-firm-strikes-digital-gold-with-canadian-miner-purchase
https://www.thestar.com/business/2018/01/08/struggling-iced-tea-company-that-added-blockchain-to-name-seeks-funding-for-venture-into-bitcoin-mining.html
http://www.globeinvestor.com/servlet/ArticleNews/story/GAM/20180113/RBMBITCOINBOP
https://socialmediaweek.org/blog/2017/09/58-insane-facts-bitcoin-infographic/
https://cointelegraph.com/explained/bitcoin-scaling-problem-explained
https://www.bloomberg.com/news/videos/2017-12-12/bitcoin-is-like-gold-2-0-says-tyler-winklevoss-video<...

The Plain Bagel Episode XII

Now that you have a grasp on some basic investment concepts, it's time to start applying what we've learned. So here are my five steps for getting started!

Budgeting Template: https://docs.google.com/spreadsheets/d/1T40vhaIQb7D71MVkGW0954Ky6salnwYZN8OkX8_AkB8/edit?usp=sharing
* You won't be able to edit the original spreadsheet, so make sure to save it to your own Google Sheets account or download it as an excel. *

Intro/Outro Music: https://www.bensound.com/royalty-free-music
Episode Music: http://freemusicarchive...

The Grossman-Stiglitz Paradox is one which highlights that stock markets cannot possibly be efficient. Why? Let's find out on today's Plain Bagel!

Make sure to check out Ben Felix's channel, Common Sense Investing: https://www.youtube.com/channel/UCDXTQ8nWmx_EhZ2v-kp7QxA

DISCLAIMER:
This channel is for education purposes only and is not affiliated with any financial institution. Richard Coffin is not registered to provide investment advice and as such does not provide recommendations on The Plain Bagel - those looking for investment advice should seek out a registered professional. Richard is not...

Why People Hate Private Equity: https://www.youtube.com/watch?v=cWFi2OfbWWc

Private credit has been capturing headlines lately, with companies going bankrupt, funds gating investor withdrawals, and claims that we're headed towards another 2008 financial crisis. Today we cover what we know about the situation.

DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does...

This Saturday, the current U.S. bull market turns 10 years old, the first to ever do so in America. But many are concerned that a bear market is waiting around the corner. Why? Let's find out on today's Plain Bagel!

Intro/Outro Music: https://www.bensound.com/royalty-free-music

DISCLAIMER:
This channel is for education purposes only and is not affiliated with any financial institution. Richard Coffin is not registered to provide investment advice and as such does not provide recommendations on The Plain Bagel - those looking for investment advice should seek out a...

00:00 - Intro
01:42 - What Section 899 Does
02:44 - Withholding Tax Basics
04:34 - Impacted Investments
06:37 - What Constitutes "Discriminatory Taxes”
10:21 - Implications for Foreign Countries
12:03 - Implications for the US
14:08 - What Investors Should Do

Hidden in the US "Big Beautiful Bill" is a meaningful tax proposal (Section 899) that will have a meaningful impact on investors outside the US...and the US itself. We explain the change in today's video.

If you'd like to support the channel, you can do so at https://www.patreon.com/c/ThePlainBagel :)

DI...

👉 To learn for free on Brilliant, go to https://brilliant.org/theplainbagel, scan the QR code onscreen. Brilliant’s also given our viewers 20% off an annual Premium subscription, which gives you unlimited daily access to everything on Brilliant.

00:00 - Intro
03:15 - Canada and China Background
06:48 - The Trade Deal
08:58 - Other Agreements
10:24 - Why China?
13:15 - Controversy
14:50 - Final Thoughts
17:38 - Conclusion

Last week, we saw Canada and China enter a new trade deal, thawing what's been a icy relationship between the two countries. Today we'll cover what's in th...

Some exciting news for the channel!

Prime Minister Mark Carney recently announced that Canada was getting a new sovereign wealth fund, and that individual Canadians will be able to invest in it. Today we'll dive into the details, and what it means for Canadians.

DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not...

00:00 - Intro
03:11 - Primer on Alberta
04:35 - Albertan Separatism
05:51 - Transfer Payments
07:15 - Canada Pension Plan
08:30 - The Fiscal Upside
09:35 - What's Missing
12:19 - The Issues With Independence
16:59 - Concluding Thoughts

There's been a growing movement calling for Alberta to separate from the rest of Canada. Today, we debunk some of the misinformation driving the call for secession, and some of the valid gripes the province has.

DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice - Richard is not responsible...