Why Listening to Jeremy Lefebvre will Make you go Bankrupt

Brief Summary

This video analyzes Jeremy Lefebvre, a long-time YouTube financial advisor, and his poor stock picks, portfolio performance, and actual income sources. It highlights his significant losses in stocks like Tattooed Chef, Honest, and Voyager, contrasting his investment failures with his revenue streams from YouTube, Patreon, and a premium stock software. The video concludes that Jeremy's financial success comes not from sound investing but from selling advice, regardless of its quality.

• Jeremy Lefebvre's stock picks have resulted in substantial losses, including over $1 million in Tattooed Chef.
• Despite investment failures, Jeremy generates significant income from YouTube, Patreon, and his 1000x Stocks platform.
• His investment advice is portrayed as worse than random stock picking, yet he charges high fees for his services.

Introduction

The video introduces Jeremy Lefebvre as a YouTube OG influencer known for providing terrible financial advice, which he himself has regretted following. The creator points out that Jeremy's stock trading club costs $5,000 for a lifetime membership, setting the stage for an analysis of his stock picks, portfolio performance, and how he actually makes money. The video aims to dissect Jeremy's financial advice and performance, revealing the discrepancy between his advice and his actual investment outcomes.

Jeremy's Start in the Stock Market

Jeremy Lefebvre began investing around 2008-2009 during the Great Financial Crisis, buying stocks with just a few hundred dollars. He started creating YouTube videos out of boredom due to a lack of job opportunities. The video suggests that Jeremy started giving financial advice despite lacking expertise, which continues to this day, evidenced by his recent stock picks.

Tattooed Chef (TTCF) Debacle

Jeremy Lefebvre predicted that Tattooed Chef (TTCF) would reach a market capitalization of $5 to $10 billion by 2030, despite its actual market cap being around $687 million. He claimed he was "going down with the ship" as the "captain of the Titanic," even as the stock declined. Jeremy held 20,600 units of TTCF in his public account with a cost basis of $340,000, which had decreased in value to $170,000. In his private account, he held TTCF shares worth $626,000 less than what he paid for them. He eventually sold his TTCF stock at around $1.30, resulting in a total loss of approximately $1.35 million. His due diligence included vague points like "more stores, more doors, and Sam and Sarah," lacking in-depth research.

Honest Company (HNST) Fiasco

Jeremy Lefebvre faced a $900,000 loss on Honest Company (HNST), a company whose stock price later recovered to his purchase price. He sold the stock because he saw no improvements in margins or profitability, and was concerned about the company's debt, despite Honest having no debt at the time. He also criticized the CEO's focus on diversity, equity, and inclusion over sales and margins. The stock price increased by 400% after Jeremy sold it.

Voyager Digital (VYGVQ) Catastrophe

Jeremy Lefebvre invested in Voyager Digital (VYGVQ) to gain crypto exposure, viewing it as a "picks and shovels" business during the crypto gold rush. However, Voyager was a risky crypto brokerage firm making loans to crypto hedge funds. Jeremy claimed Voyager was cash-loaded and had exploding revenues, which was untrue. The company was losing money and made risky loans, eventually leading to significant losses for Jeremy.

Other Stock Disasters and Overall Portfolio Performance

Jeremy Lefebvre has recommended other disastrous stocks, including Planet 13, Coret, Very Good Food Company, Smile Direct Club, Olly, and Avat Brands. An analysis of his portfolio performance from 2019 to 2022 shows that his total dollar value gain was $233,800, a 10% increase, while the S&P 500 increased by nearly 60%. Jeremy's investment strategy is worse than randomly picking stocks.

FTX Endorsement and Millennium Money Shutdown

Jeremy Lefebvre endorsed FTX and was part of a class action lawsuit for promoting the company. He claimed he cut ties with FTX, but it was revealed that FTX terminated the relationship with him. Following the FTX debacle, Jeremy and his associates shut down Millennium Money, a platform known for selling bad news and fear.

Jeremy's Training Programs and Premium Investing Software

Jeremy Lefebvre sells training programs and a premium investing software called 1000x Stocks. The training aims to teach newer investors, while the software provides metrics and data points. A one-year membership costs $1,200, a two-year membership $2,000, and a lifetime membership $5,000. The software is criticized for being tacky and providing useless information.

Jeremy's Income Streams

Jeremy Lefebvre's income streams include YouTube channels, Patreon, and 1000x Stocks. His YouTube channels generate approximately $746,000 per year. His Patreon account earns him around $437,000 per year. The 1000x Stocks platform brings in an estimated $1.58 million annually. His total yearly income is approximately $2.76 million.

Conclusion

The video concludes that Jeremy Lefebvre's financial success comes from selling advice, not from his stock portfolio. Despite his poor investment performance, he earns a substantial income from his various platforms. The video warns that following Jeremy's advice is likely to lead to financial losses.