The Plain Bagel

Investing and personal finance educational videos with a hint of economics, posted regularly.

I'm a CFA charterholder and CFP professional working as an analyst for an investment management company in Ottawa. I'm a huge finance nerd and am passionate about the field - I think people lack the resources they need to make educated financial decisions, and hopefully this channel helps with that!

For collaboration/other inquiries: richard@theplainbagel.com

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

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63 episodes
Updated Today

Episodes63

Newest first

Today · 15 min
"The Biggest Trade Deal Ever" - The EU-US Agreement Explained
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
Today · 14 min
Stock Options Explained
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.
Today · 12 min
What is the Yield Curve, and Why is it Flattening?
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.
Today · 18 min
No Deal For Canada - Now What?
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
Today · 9 min
Making a Synthetic Stock
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.
Today · 12 min
Why Investors Love Dividends (And Why They Can Be Dangerous)
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 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.
Today · 16 min
Before You Buy a Weed Stock - The Problems With Marijuana Companies
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.
Yesterday · 12 min
Managed Solutions | ETFs and Robo Advisors
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
Yesterday · 23 min
The Dangers of Bitcoin - My Thoughts
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.
Yesterday · 27 min
Private Credit Panic - Why Investors Are Rushing For the Exits
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.
Yesterday · 24 min
The Canada-China Trade Deal
👉 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.
Yesterday · 25 min
The Cost of Alberta Separatism
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 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.
Yesterday · 20 min
Tariffs and Treasuries - The China-US Trade War
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
Yesterday · 10 min
Plain Bagel QandA 3 | Greek Debt and Robinhood App
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.
Yesterday · 4 min
Huge Announcement
Some huge news for the channel "Election Music" by MUSIC4VIDEO (https://youtu.be/xOc9U6nMtn8?si=sFPqblwqM0MSEjdo)
Yesterday · 26 min
AI Is Giving Financial Advice Now
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.
Yesterday · 27 min
Why People Are Freaking Out Over Bonds
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 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
Yesterday · 20 min
America's Crypto Regulation - What the Genius and Clarity Act Means For Markets
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
Yesterday · 8 min
The Great Depression - 5 Minute History Lesson
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/
Yesterday · 5 min
Exciting Announcement
Some exciting news for the channel!