The Biggest Problem in Investing Right Now

Financial product ads are often unconcerned with the truth, or in the words of philosopher Harry Frankfurt, they are full of bullshit. You’re probably susceptible to it. A 2022 study found that younger, high-income men who are very confident in their own financial knowledge are more likely to fall for financial bullshit.

The financial products that get advertised the most aggressively tend to be the most profitable for the firm selling them. If it's highly profitable for them, you can generally infer that it's less profitable for you. You're funding the profits. But the thing is, if you know what to look for, and what to avoid, you can actually use this to your advantage.

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*Meet with PWL Capital* https://pages.pwlcapital.com/en-ca/contact-us?utm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt

*Timestamps*
00:00 - Intro
00:54 - Financial Advertisements: Mechanisms and Impact
04:20 - Private Assets
10:50 - Margin
13:05 - Options Trading
15:42 - Thematic ETFs
18:00 - Covered Call ETFs
20:01 - Avoiding Financial Bullsh**

*References*
https://zbib.org/5f7574db32484de9a541f518982f72cc

*Avoid Online Scams* https://pwlcapital.com/stay-safe-online/

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