The Plain Bagel

Cash Flows Explained

Thu, 03 Sep 2026 11:00:00 -0000

Wallmine link: https://wallmine.com/users/sign-up?r=18im&utm_source=youtube&utm_medium=plainbagel&utm_campaign=plainbagel

Warren Buffett and many other prominent investors have long preferred to measure a company's performance by their cash flows (found on the cash flow statement) rather than their reported earnings numbers... but what exactly are cash flows, and why are they given more weighting? Let's find out on today's episode

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

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 responsible for investment actions taken by viewers.

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Welcome To The Plain Bagel

Thu, 03 Sep 2026 10:50:00 -0000

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&

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Stocks | How Equity Earns You Money

Thu, 03 Sep 2026 10:00:00 -0000

The Plain Bagel Episode III

Shares represent a percentage ownership of a business. This video covers investing in equity, and how stocks payoff for investors.

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

Episode Music (Licensed): http://freemusicarchive.org/music/Podington_Bear/

Sources:
http://www.bankrate.com/investing/millennials-slow-to-start-investing-in-stock-market-bankrate-survey-finds/
http://www.businessinsider.com/50-cent-files-for-bankruptcy-2015-7
https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2016&locations=IN&start=1976
https://ycharts.com/companies/NKE/shares_outstanding

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Memestocks Won't Make You Rich (Probably)

Thu, 03 Sep 2026 09:52:30 -0000

Today, we're talking about memestocks, and why they PROBABLY won't make you rich.

@JamesJani's video: https://youtu.be/7LPuXowifJ4?si=L_gfIa-SS4T20Nh4

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

Buy a Plain Bagel Mug: https://www.theplainbagel.com/merch

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 affiliated with his employer).

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Why I Don't Do YouTube Full-Time

Thu, 03 Sep 2026 09:00:00 -0000

Bit of a one off, more personal video on why I don't commit to doing YouTube full time.

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Why Central Banks Target 2% Inflation

Thu, 03 Sep 2026 08:55:00 -0000

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 are actually improving the US economy.

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 not responsible for investment actions taken by viewers

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Let's Talk About the AI Bubble

Thu, 03 Sep 2026 08:00:00 -0000

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 not responsible for investment actions taken by viewers

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The Dangers of Bitcoin - My Thoughts

Thu, 03 Sep 2026 07:57:30 -0000

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
http://archive.fortune.com/magazines/fortune/fortune_archive/1996/04/15/211503/index.htm

DISCLAIMER:
The videos on this channel are for education purposes only and do not constitute financial advice. 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 responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

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Thanks a Million (Channel Announcement)

Thu, 03 Sep 2026 07:00:00 -0000

The Plain Bagel just passed 1 million subscribers, so I wanted to post a quick video.

@DeadOnTheMoneyPodcast Channel: https://www.youtube.com/channel/UCDjGxS75qN9zAKjb5Powxxg

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Prediction Markets Are Ruining the Finance Industry

Thu, 03 Sep 2026 07:00:00 -0000

2:36 - Prediction Market Background
9:38 - Prediction Market problems
17:02 - The Promotions
21:50 - The Gamblification of Everything
24:23 - Closing thoughts

Let's talk about prediction markets...

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 affiliated with his employer). Richard makes no warranties regarding the accuracy of data included in this video.

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The Greek Debt Crisis - 5 Minute History Lesson

Thu, 03 Sep 2026 06:02:30 -0000

Click the link to get two FREE months of Skillshare Premium, thanks to our sponsorship: https://skl.sh/theplainbagel

Thank you https://www.youtube.com/@FamilybudgetUa/ for the Ukrainian subtitles!

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

The Greek Debt Crisis was one of the more recent economic disasters that required three bailouts. While Greece is far from out of the woods, here's a brief history lesson on what happened.

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/

This video was sponsored by Skillshare

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Plain Bagel QandA 5 | Mostly Weed Stock Questions

Thu, 03 Sep 2026 06:00:00 -0000

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. 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 responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

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Investment Analyst Reacts to Finance TikToks - Part 9

Thu, 03 Sep 2026 05:05:00 -0000

Markets are falling, and the world is in a full fledged trade war - let's watch some TikToks.

My name's 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.

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 not responsible for investment actions taken by viewers

Edited by: Emma Konrad & Richard Coffin

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Tariffs and Treasuries - The China-US Trade War

Thu, 03 Sep 2026 05:00:00 -0000

The US is in a trade war with China, and after a rapid escalation, has seemingly pivoted with a recent exemption. Let's dive into what it all means for the US economy.

00:00 – Overview
02:43 – Timeline
04:01 – Why China?
05:57 – The Impact of a Trade War on the US
07:23 – Treasury Yields
09:30 - Is China Causing This?
11:13 – Other Possible Causes

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 not responsible for investment actions taken by viewers

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5 Tips for Preparing for the CFA Exams

Thu, 03 Sep 2026 04:07:30 -0000

List of CFA exam prep providers: https://www.cfainstitute.org/en/programs/cfa/exam/prep-providers

CFA checklist: https://www.cfainstitute.org/-/media/documents/form/cfa-candidate-checklist.ashx

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

The CFA is seen by many as a standard within the investment field. I recently got my own charter, so I figured I'd share some tips that I found helpful when preparing for the exams.

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 responsible for investment actions taken by viewers.

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The Rise and Fall of Nortel Networks - 5 Minute History Lesson

Thu, 03 Sep 2026 04:00:00 -0000

It's been 10 years since Nortel Networks, a Canadian behemoth, filed for bankruptcy protection, not long after it had grown to represent more than a third of the Canadian stock market. Let's dive into what brought down the massive company with today's 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/

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100K Subscribers... Thank You! (Also Shirts!)

Thu, 03 Sep 2026 03:10:00 -0000

This week we hit 100K subscribers... thank you!

I will be posting a video once shirts are available, stay tuned. :)

If you haven't seen the Ted Ed video yet, here's a link: https://youtu.be/SwaCg7Gwtzw

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The SpaceX IPO Is Wild

Thu, 03 Sep 2026 03:00:00 -0000

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 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 affiliated with his employer). Richard makes no warranties regarding the accuracy of data included in this video.

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The IPO Process

Thu, 03 Sep 2026 02:12:30 -0000

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 does not provide recommendations on The Plain Bagel - those looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers.

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Prominent Short Seller Charged With Market Manipulation

Thu, 03 Sep 2026 02:00:00 -0000

SEC Case: https://www.sec.gov/files/litigation/complaints/2024/comp-pr2024-89.pdf
DOJ Indictment: https://www.justice.gov/criminal/media/1362116/dl?inline

Andrew Left of Citron Research was recently charged with securities fraud - let's go through the allegations.

DISCLAIMER: I do not hold positions in any of the stocks/crypto mentioned in this video.
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 affiliated with his employer).

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Explaining Celebrity Explanations in The Big Short

Thu, 03 Sep 2026 01:49:00 -0000

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

The Big Short is a great movie on the 2008 financial crisis with some awesome celebrity cameos. These cameos explain complicated financial products with funny analogies, but today I thought I'd explain the topics a bit further.

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 responsible for investment actions taken by viewers.

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Investing | 5 Steps for Getting Started

Thu, 03 Sep 2026 01:15:00 -0000

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.org/music/Podington_Bear/

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Plain Bagel QandA 3 | Greek Debt and Robinhood App

Thu, 03 Sep 2026 01:00:00 -0000

The Plain Bagel Q&A 3

Question topics: Arbitrage, EA loot boxes, Greek debt, my background education, and the Robinhood trading app

*Richard has no affiliation or business relationship with the Robinhood.

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Exciting Announcement

Thu, 03 Sep 2026 00:17:30 -0000

Some exciting news for the channel!

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The Plain Bagel Turns 1

Thu, 03 Sep 2026 00:00:00 -0000

It's been a year since I posted my first video, just thought I'd provide a bit of a reflection on the channel thus far. :)

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How Short Selling Works

Wed, 02 Sep 2026 23:20:00 -0000

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

Short selling lets investors bet against a stock, profiting when it falls in price, but how exactly does a short work? We'll discuss the process and the risks it entails in today's video!

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 responsible for investment actions taken by viewers.

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Before You Buy a Weed Stock - The Problems With Marijuana Companies

Wed, 02 Sep 2026 23:00:00 -0000

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 systems may need to be updated. Any problems along the way could impact the benefit these acquisitions provide the firm.

-If provinces adopt a government-backed outlet system for selling marijuana similar to alcohol, marijuana companies could face price pressure. The outlets would have significant buying power, allowing them to demand discounts on bulk orders.

-As many of these companies are only a few years old, their accounting statements and disclosures are not of the same level of quality as more established firms. This means less information for investors looking to own the company.

- The barriers to producing marijuana are likely to fall over time. This will open the door to competitors, including large pharma companies. If a international pharmaceutical company were to open a medical marijuana operation, startups would have a hard time matching their capital commitments.

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. Richard does not have a personal position in any of the companies mentioned. 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 responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

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What Just Happened With Chinese Stocks?

Wed, 02 Sep 2026 22:22:30 -0000

Chinese stocks have rallied recently, leading many to wonder if now's the time to invest. Today I go through the updates we're seeing.

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

Buy a Plain Bagel Mug: https://www.theplainbagel.com/merch

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 affiliated with his employer).

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Are Trump's Tariffs Working?

Wed, 02 Sep 2026 22:00:00 -0000

00:00 - Introduction
02:12 - Why Economists Disagree
04:06 - Where’s the inflation?
08:12 - Are Tariffs Deflationary?
10:00 - What About Manufacturing?
11:32 - New Investments in the US
15:06 - Why is GDP Growing?

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 are actually improving the US economy.

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 not responsible for investment actions taken by viewers

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Do Rate Cuts ACTUALLY Send Stocks Higher?

Wed, 02 Sep 2026 21:25:00 -0000

To try everything Brilliant (today's sponsor) has to offer for free for a full 30 days, visit https://brilliant.org/theplainbagel or click on the link in the description. You’ll also get 20% off an annual premium subscription.

00:00 - Introduction
02:41 - Basics of Rate Cuts
06:05 - Experiment Details
07:37 - Return Results
10:06 - Result Explanation
13:13 - Takeaways

In today's video, I go over the history of rate cut campaigns in the US to try and figure out how markets have historically reacted to interest rates falling.

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 affiliated with his employer).

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Clearing Up the Canada Tariff Misinformation

Wed, 02 Sep 2026 21:00:00 -0000

00:00 - Introduction
02:23 - Canada's Supply Management
04:20 - Canada's Tariff Rates
06:22 - Tariff Rate Quotas
06:51 - US Preferential Rates
08:24 - Quota Underutilization
10:22 - US' Own Restrictions
12:06 - Closing Remarks

USMCA Trade Deal: https://ustr.gov/trade-agreements/free-trade-agreements/united-states-mexico-canada-agreement/agreement-between
CBSA Tariff Rates: https://cbsa-asfc.gc.ca/trade-commerce/tariff-tarif/2024/01-99/01-99-2024-1-eng.pdf
WTO Portal: https://tao.wto.org/welcome.aspx?ReturnUrl=%2f%3fui%3d1&ui=1

There's been a lot of discussion of Canada's tariffs against US imports, most of which has been misleading or flat out wrong. Let's clear the air.

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 not responsible for investment actions taken by viewers

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Plain Bagel QandA 8 | Extreme Questions on Technical Trading, Double Taxation, and Rebalancing

Wed, 02 Sep 2026 20:27:30 -0000

Topics addressed in today's video:

- T-Bills
- Technical analysis
- Bitcoin
- Dividends versus share buybacks (double taxation)
- Strategies for rebalancing

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. 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 responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

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5 Investment Jobs Explained (and what they pay)

Wed, 02 Sep 2026 20:00:00 -0000

The first 100 people to go to https://www.blinkist.com/theplainbagel will get unlimited access for 1 week to try out Blinkist. You'll also get 25% off if you want the full membership.

Correction: CFP stands for Certified Financial Planner, not Chartered.

It can be confusing trying to understand the jobs that exist within the world of investments, so today I wanted to cover 5 common positions and discuss the tasks they entail, their pros and cons, and the average salary for those working in those positions.

Jobs Discussed: Investment Bankers, Analysts, Traders, Advisors, and Portfolio Managers

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

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 responsible for investment actions taken by viewers.

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Clearing Up the Inflation Target Misinformation

Wed, 02 Sep 2026 19:30:00 -0000

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 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 not responsible for investment actions taken by viewers

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Bagel Buddies Trailer (April Fools Video)

Wed, 02 Sep 2026 19:00:00 -0000

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

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Investment Analyst Reacts to Finance TikToks - Prediction Markets and More

Wed, 02 Sep 2026 18:00:00 -0000

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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.

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 not responsible for investment actions taken by viewers

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Is a Bear Market Coming?

Wed, 02 Sep 2026 17:32:30 -0000

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 registered professional. Richard is not responsible for investment actions taken by viewers.

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What are Futures?

Wed, 02 Sep 2026 17:00:00 -0000

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You've probably heard of the futures market before, or maybe you've seen future/forward prices mentioned in the news, but what are these numbers? Some magic number predicting future prices? Well...kind of! We'll discuss the topic in today's video.

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/

This video was sponsored by Skillshare

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 responsible for investment actions taken by viewers.

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An AI Scammer Is Trying to Steal My Viewer's Money

Wed, 02 Sep 2026 16:35:00 -0000

Found a video of me trying to scam my viewers.

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What is the Yield Curve, and Why is it Flattening?

Wed, 02 Sep 2026 16:00:00 -0000

You may have read news articles or heard somewhere that "the yield curve is flattening," but what does that mean? Find out with today's video!

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 looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers.

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Stock Multiples: How to Tell When a Stock is Cheap/Expensive

Wed, 02 Sep 2026 15:37:30 -0000

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 responsible for investment actions taken by viewers.

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Styles of Investing | Active, Passive, and More

Wed, 02 Sep 2026 15:00:00 -0000

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/

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Trump's Tariffs Deemed Illegal - What Now?

Wed, 02 Sep 2026 14:40:00 -0000

00:00 - Intro
01:36 - The Supreme Court Ruling
03:23 - What Tariffs Are Impacted?
05:02 - What About Refunds?
06:57 - The Implications
07:46 - Section 122 Tariffs
09:54 - Trump's Tariff Options
11:46 - Why the Update Still Matters

The US Supreme Court has ruled that Trump's IEEPA tariffs are illegal - let's dive into what this means and how else Turmp may pursue tariffs.

News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Artist: http://audionautix.com/

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 affiliated with his employer). Richard makes no warranties regarding the accuracy of data included in this video.

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A US Sovereign Wealth Fund - What, How, Why?

Wed, 02 Sep 2026 14:00:00 -0000

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. Richard is not responsible for investment actions taken by viewers

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The $6.4T Stock Drop - Why Is Everything Down?

Wed, 02 Sep 2026 13:42:30 -0000

00:00 - The Global Stock Crash
02:06 - What's Causing the Drop?
02:50 - 1: Fed Rate Decision
04:39 - 2: Labour Data
06:49 - 3: Japanese Carry Trade
10:14 - How Markets Are Reacting
11:18 - Why You Shouldn't Try Timing the Crash
13:58 - Closing Thoughts

Global Stock Markets saw a sizeable drop over the past weekend, with $6.4T being wiped out. Today's video will explain the proposed reasons behind the sell-off.

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 affiliated with his employer).

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Why Does Everyone Hate Private Equity?

Wed, 02 Sep 2026 13:00:00 -0000

00:00 - Introduction
02:51 - What is Private Equity?
05:33 - The Problem
08:46 - Why So Reckless?
15:00 - Other Considerations

Private equity has a pretty bad reputation, and some of it is well-deserved. In today's video, I dive into why private equity keeps getting into trouble.

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 affiliated with his employer).

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The Problem With Robinhood’s Tokenized Stock Offering

Wed, 02 Sep 2026 12:45:00 -0000

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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 :)

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 not responsible for investment actions taken by viewers

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Cash Equivalents and Alternatives | Non Traditional Investments

Wed, 02 Sep 2026 12:00:00 -0000

The Plain Bagel Episode IV

Cash Equivalents, along with stocks and bonds, belong to the Traditional Investment category, while the Alternative Investment category pretty much encompasses everything else. This video finishes our discussion of the primary investments by covering cash equivalents, real estate, commodities, and derivatives.

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

Sources:
https://www.wealthdaily.com/articles/whats-10-times-bigger-than-the-global-economy/6241

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2024 Finance Rewind - The Year of Trump, AI and Crypto

Wed, 02 Sep 2026 11:47:30 -0000

As we approach the end of 2024, let's take a beat to look back on what made the year remarkable...for better or for worse.

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 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 affiliated with his employer). Richard makes no warranties regarding the accuracy of data included in this video.

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The Venezuela Oil Grab - What it Means for Oil Markets (and Canada)

Wed, 02 Sep 2026 11:00:00 -0000

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 Plain Bagel, which is not affiliated with his employer). Richard makes no warranties regarding the accuracy of data included in this video.

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America's Crypto Regulation - What the Genius and Clarity Act Means For Markets

Wed, 02 Sep 2026 10:50:00 -0000

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 - those looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers

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Dark Pools Explained - How Institutional Investors Utilize Off-Exchange Trading

Wed, 02 Sep 2026 10:49:00 -0000

This video is sponsored by Blinkist: get a 7-day free trial and 70% off Blinkist Annual Premium by clicking https://bit.ly/ThePlainBagelMay24 or by scanning the QR code.

High-Frequency Traders: https://www.investopedia.com/terms/h/high-frequency-trading.asp

Payment For Order Flow: https://www.investopedia.com/terms/p/paymentoforderflow.asp

With GameStop back in the news, I wanted to take some time to touch on a topic that often comes up with stories of market manipulation and the like: dark pools.

If you'd like to support the channel, you can do so at Patreon.com/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 not responsible for investment actions taken by viewers

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The Fake Petrodollar Story - No, Saudi Arabia Didn’t Ditch the Dollar

Wed, 02 Sep 2026 10:00:00 -0000

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00:00:00 - Introduction
00:02:54 - What's a Petrodollar?
00:03:52 - The Death of the Dollar
00:04:36 - The "Petrodollar" Agreement
00:08:00 - Why the Dollar Dominates
00:10:11 - Why Saudi Arabia Can't Quit the Dollar
00:11:55 - The Truth Around the Dollar's Decline
00:14:19 - Conclusion

We've seen some fake headlines spreading about the end of a 50-year petrodollar agreement with Saudi Arabia - today's video looks into the facts around the situation.

June 8, 1974 agreement (p. 788): https://tile.loc.gov/storage-services/service/ll/lltreaties//lltreaties-25-3/lltreaties-25-3.pdf

Bloomberg Story on the July 1974 agreement: https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret?sref=Oeyjq8by&embedded-checkout=true

If you'd like to support the channel, you can do so at Patreon.com/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 not responsible for investment actions taken by viewers

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Canada's Ridiculous Trade Barriers...With Itself

Wed, 02 Sep 2026 09:52:30 -0000

Canada has been looking into removing it's interprovincial trade barriers, but what exactly are these barriers, and how much are they costing the Canadian economy?

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 not responsible for investment actions taken by viewers

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Finance Movie Review: Barbarians at the Gate

Wed, 02 Sep 2026 09:00:00 -0000

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Barbarians at the Gate is an older finance movie that covers the largest leveraged buyout in US history at the time - RJR Nabisco. The movie is chock-full of jargon and references, which gives us a lot to dive into.

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 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 affiliated with his employer).

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Making a Synthetic Stock

Wed, 02 Sep 2026 08:55:00 -0000

Synthetic stocks are investments that replicate a stock's return; in other words, they earn money from a company's success despite having no ownership of the firm. Today, let's go through the exercise of creating one so we can better understand just how capable the world of options truly is.

NOTE: As mentioned, this example is grossly oversimplified and doesn't take into transaction costs nor contract sizes.

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 looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers.

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Plain Bagel QandA 1 | Good Reads and Rolled Sleeves

Wed, 02 Sep 2026 08:00:00 -0000

The Plain Bagel Q&A 1

Question topics: books on finance, “average person” investments, starting off, liquidity, and stock splits

Here’s a list of the books suggested by my colleagues. The first few are on personal finance, while the last two focus specifically on investing:
- Moolala: Why smart people do dumb things with their money (and what you can do about it) by Bruce Sellery
- Wealthing Like Rabbits by Robert R. Brown
- Personal Finance For Canadians For Dummies by Eric Tyson & Tony Martin
- Millionaire Teacher by Andrew Hallam
- The Single Best Investment: Creating Wealth with Dividend Growth by Lowell Miller

Another colleague brought up a great point on stock splits that I’d like to add to my last answer. Companies also use stock splits to “signal” to investors that they expect future stock growth. This positive signal will infer that management believes in the sustainability of the stocks growth, which may convince investors to purchase the stock.

Episode Music: https://www.youtube.com/user/kmmusic

Sources: http://www.investors.com/how-to-invest/investors-corner/how-much-money-do-you-need-to-start-investing/

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Investing Won't Make You Rich (Probably)

Wed, 02 Sep 2026 07:57:30 -0000

SEC Warning Link: https://www.sec.gov/investor/alerts/tradingseminars.htm

Also two points to clarify:
1) By "rich," I mean the excessive disposable income promised by the investment ads I've seen (fast cars, private jets, etc.).
2) I don't disagree that investments are vital to growing your wealth (I do run an investment channel, after all), and you can make you a lot of money investing WHEN it's combined with a strong savings program. The point is to highlight that investments ALONE cannot make you rich (i.e. you can't put aside a few thousand dollars and expect to hit a million in a few years).

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 responsible for investment actions taken by viewers.

ALSO DISCLAIMER:
Richard is not commenting on the validity or inherent value of the cited ads.

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Investment Analyst Reacts to Finance TikToks - Naughty and Nice Edition

Wed, 02 Sep 2026 07:00:00 -0000

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 - those looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers

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The Canada-China Trade Deal

Wed, 02 Sep 2026 07:00:00 -0000

👉 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 the deal, and what it means for Canada and its relationship with the US for trade.

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 affiliated with his employer). Richard makes no warranties regarding the accuracy of data included in this video.

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Plain Bagel QandA 6 | Duration, Convexity, and Craig's Filming for Free!

Wed, 02 Sep 2026 06:02:30 -0000

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. 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 responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

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"The Biggest Trade Deal Ever" - The EU-US Agreement Explained

Wed, 02 Sep 2026 06:00:00 -0000

On Sunday the US and EU announced a trade deal, subverting a massive trade war - let's go over the details of the agreement.

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 not responsible for investment actions taken by viewers

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What do Rising Interest Rates Mean?

Wed, 02 Sep 2026 05:05:00 -0000

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/

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Behavioral Finance | Investor Irrationality

Wed, 02 Sep 2026 05:00:00 -0000

The Plain Bagel Episode XI

As humans, we tend to fall victim to different biases when making financial decisions. Let's take a look at behavioral finance and explore how we can circumvent these common pitfalls.

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

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Plain Bagel QandA 9 | Robo Advisors, Valuation, and an Ugly Website for Research

Wed, 02 Sep 2026 04:07:30 -0000

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

Topics Covered:

- Inflation's effect on debt - 0:28
- Where to find cash flow information - 2:14
- Are statements connected? - 3:56
- How to value net loss companies - 4:47
- Thoughts on robo advisors - 6:14

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. 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 responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

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The Grossman Stiglitz Paradox - Collaboration with Ben Felix

Wed, 02 Sep 2026 04:00:00 -0000

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 responsible for investment actions taken by viewers.

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Private Credit Panic - Why Investors Are Rushing For the Exits

Wed, 02 Sep 2026 03:10:00 -0000

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 not provide advice through The Plain Bagel, which is not affiliated with his employer). Richard makes no warranties regarding the accuracy of data included in this video.

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What A Year...

Wed, 02 Sep 2026 03:00:00 -0000

👉 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.

2025 has been a crazy year - let's unwind with the annual finance rewind and review what these past 12 months meant for markets and the world economy.

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 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 affiliated with his employer). Richard makes no warranties regarding the accuracy of data included in this video.

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Capitalization and Depreciation Explained

Wed, 02 Sep 2026 02:12:30 -0000

Wallmine link: https://wallmine.com/users/sign-up?r=18im&utm_source=youtube&utm_medium=plainbagel&utm_campaign=plainbagel

CLARIFICATION: while R&D can be capitalized under IFRS (international accounting system), most R&D expenses cannot be capitalized under U.S. GAAP (the accounting system used by American companies).

Capitalization and depreciation can be confusing topics, but they are worth understanding, as they can materially impact the numbers you see on the income statement. Today we’ll go over the topics and what you can do to circumvent the impact of lax assumptions on profit numbers.

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 responsible for investment actions taken by viewers.

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The Bitcoin Treasury Reckoning - Why People Are Blaming JPMorgan

Wed, 02 Sep 2026 02:00:00 -0000

00:00 - Intro
03:50 - Why bitcoin’s price has fallen
05:27 - The decline of treasury companies
08:33 - Is Strategy about to collapse?
12:56 - The JPMorgan conspiracy
15:40 - Debunking the claims

Richard does not hold a position in JPM, MSTR or any other bitcoin treasury companies.

With bitcoin's price down, bitcoin treasury companies have been pummeled - now investors are blaming JP Morgan. Today we dive into what's happening.

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 not responsible for investment actions taken by viewers

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Investment Analyst Reacts to Finance TikToks - Holiday Special 2024

Wed, 02 Sep 2026 01:15:00 -0000

Happy holidays - let's celebrate with finance TikToks.

My name's 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.

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 not responsible for investment actions taken by viewers

Edited by: Emma Konrad & Richard Coffin

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Rest in Peace…

Wed, 02 Sep 2026 01:00:00 -0000

Paying our respects to TikTok

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Grocery Store Greedflation - Is Price Gouging Behind Higher Food Prices?

Wed, 02 Sep 2026 00:17:30 -0000

There's been a lot of talk about grocery stories price gouging during the pandemic - in today's video, I go through the financial statements of some of Canada's and the US' largest grocers to see if big chains really are ripping off consumers.

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 affiliated with his employer).

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Investment Analyst Reacts to Finance TikToks - Part 7

Wed, 02 Sep 2026 00:00:00 -0000

Diving back into to the world of TikToks to see what knowledge we can gleam.

My name's 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.

If you'd like to support the channel, you can do so at Patreon.com/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 not responsible for investment actions taken by viewers

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Stock Market Corrections: Why Markets Stumble

Tue, 01 Sep 2026 23:20:00 -0000

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 responsible for investment actions taken by viewers.

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The Index Fund/ETF Bubble - How Bad Is It Really?

Tue, 01 Sep 2026 23:00:00 -0000

Here is the link to Michael Burry's interview: https://www.bloomberg.com/news/articles/2019-09-04/michael-burry-explains-why-index-funds-are-like-subprime-cdos

Ben Felix's Index Fund Bubble video: https://www.youtube.com/watch?v=Wv0pJh8mFk0

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

You've probably seen the circulating claim that we're in an index fund bubble; this is of course possible, but let's clear up the facts around the argument before jumping to conclusions!

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 responsible for investment actions taken by viewers.

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Huge Announcement

Tue, 01 Sep 2026 22:22:30 -0000

Some huge news for the channel

"Election Music" by MUSIC4VIDEO (https://youtu.be/xOc9U6nMtn8?si=sFPqblwqM0MSEjdo)

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Stock Options Explained

Tue, 01 Sep 2026 22:00:00 -0000

Correction: At 4:20, the graph in the top left-hand corner is slightly off; for total return, the curve should not intercept at (30,0), but rather should be shifted slightly to the left so that the bend in the line occurs at (30,-2). Sorry for the blunder.

Option Pricing Factors:
- Underlying stock price (higher = higher call premium, lower put premium)
- Underlying stock price volatility [expected] (higher = higher option premium)
- Underlying stock dividends (higher = lower call premium, higher put premium)
- Option's strike price (higher = lower call premium, higher put premium)
- Time until expiration (longer = higher option premium)
- Interest rates (higher = higher call premium, lower put premium)

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 looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers.

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The 2025 Gold Rush - "Debasement Trade" or FOMO?

Tue, 01 Sep 2026 21:25:00 -0000

To learn for free on Brilliant (today's sponsor), 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
02:14 - Why Investors Buy Gold
04:10 - Why Gold's Rallying
08:34 - The Debasement Trade
09:47 - Considerations
13:27 - Gold's Questionable Price Stability
16:11 - Sponsor

Gold's price has been skyrocketing, with murmurings of a great "debasement trade" driving returns. Today we'll dive into what's driving performance, and the overall trends around gold.

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 not responsible for investment actions taken by viewers

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What is a Preferred Share?

Tue, 01 Sep 2026 21:00:00 -0000

Click the link to get two FREE months of Skillshare Premium: https://skl.sh/theplainbagel2

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

Yield has become increasingly elusive, but preferred shares continue to offer high single digit payouts. But there's a lot more to this security than meets the eye, let's take a closer look.

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/

This video was sponsored by Skillshare

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 responsible for investment actions taken by viewers.

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Trump’s “Dumb” Trade War With Canada - What Happened, and What Now?

Tue, 01 Sep 2026 20:27:30 -0000

Sign up for Morning Brew today for your daily news briefing by using my link 👉🏻 https://morningbrewdaily.com/plainbagel

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 recommendations on The Plain Bagel - those looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers

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Stock Indices and Index Fund Investing

Tue, 01 Sep 2026 20:00:00 -0000

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 looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers.

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What is Quantitative Easing?

Tue, 01 Sep 2026 19:49:00 -0000

Click the link to get two FREE months of Skillshare Premium: https://skl.sh/theplainbagel5

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

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

You've probably heard of quantitative easing, or the "expanding" or "unwinding" of a central bank's balance sheet, but what do these things mean? We go over the unconventional, and controversial, monetary policy in today's video.

This video was sponsored by Skillshare

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 responsible for investment actions taken by viewers.

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Canada's Getting a Sovereign Wealth Fund

Tue, 01 Sep 2026 19:30:00 -0000

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 affiliated with his employer). Richard makes no warranties regarding the accuracy of data included in this video.

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Should You Buy a House? (First Time Home Buyers)

Tue, 01 Sep 2026 19:00:00 -0000

The first 100 people to go to https://www.blinkist.com/theplainbagel will get unlimited access for 1 week to try out Blinkist. You'll also get 25% off if you want the full membership.

Mortgage calculator: https://www.realtor.ca/calculator#v=payment

If you're interest in buying your first home, you're probably wondering how much home you can afford, and what you can expect to pay on a monthly basis. Today's video aims to offer valuable rules of thumbs and things to ask yourself before making the purchase.

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

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 responsible for investment actions taken by viewers.

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The Risk the War in Iran Poses to the Global Economy

Tue, 01 Sep 2026 18:00:00 -0000

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 impact.

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 affiliated with his employer). Richard makes no warranties regarding the accuracy of data included in this video.

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Waiting to Invest is Costing You... A Lot

Tue, 01 Sep 2026 17:00:00 -0000

Link to OSC report: https://www.osc.gov.on.ca/documents/en/Investors/inv_research_20171127_missing-out-report.PDF

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

It can be tough to get started with investing, but waiting to invest can actually cost you hundreds of thousands of dollars. We'll discuss how in today's video.

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 responsible for investment actions taken by viewers.

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AI Is Giving Financial Advice Now

Tue, 01 Sep 2026 16:00:00 -0000

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 - 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 affiliated with his employer). Richard makes no warranties regarding the accuracy of data included in this video.

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The Fundamentals | Why is Investing Important?

Tue, 01 Sep 2026 15:00:00 -0000

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/managing-wealth/more-than-two-thirds-of-canadians-worry-a-lot-about-money-but-69-still-dont-have-a-plan
http://www.inflation.eu/inflation-rates/canada/historic-inflation/cpi-inflation-canada.aspx

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No Deal For Canada - Now What?

Tue, 01 Sep 2026 14:00:00 -0000

00:00 - Intro
02:22 - Recap
04:47 - The Latest Tariff Update
05:47 - The CUSMA Exemption
08:04 - Effective Tariff Rates
08:58 - The (Still) Negative Impact of Tariffs
10:34 - Where Canada Goes From Here
12:40 - Conclusion

On Thursday we got the news that Canada would be seeing its tariff rate increase to 35% after failing to reach a new agreement with the US. Today we'll discuss what it means for Canada's economy, and why the tariff rates ACTUALLY being paid are far from this amount.

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 not responsible for investment actions taken by viewers

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