Why Listening to Jeremy Lefebvre will Make you go Bankrupt

Tommy Anytime www.youtube.com

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.

Summarize any YouTube video in seconds

Get summaries like this one for any video, in your language, with the free Summ app.

Download on the App Store
Get it on Google Play

Transcript

Full transcript of “Why Listening to Jeremy Lefebvre will Make you go Bankrupt”. Click a timestamp to open the video at that moment. Need another video? Use the YouTube transcript generator.

0:00 hello and welcome today we're talking about Jeremy lefur one of YouTube's true OG influencers and a purveyor of financial advice so terrible even Jeremy regrets following it since this time last year I am down not 1 million not 2 million three million let that sink in for a moment you know I almost feel bad for Jeremy right up until I remember that a lifetime membership to his stock trading club cost $5,000 let that sink in for a moment so in this video we're going to be taking a look at some jy's worst stock picks his portfolio performance and how he actually makes his money so before we get into the after mentioned 3 million or 60% portfolio loss how exactly did Jeremy get into stocks in the first place take me back to when you started how old were you when you started stock market invest yeah that

0:46 was around 18 19 years old back in yeah 0809 at the end of 08 I got in the market and just started buying some stocks when I had like a few hundred bucks to my name it was a crazy time too cuz the market was crashing it was a great financial crisis so I would have this downtime i' send out all these emails and stuff and had lack of jobs so then I was like I'll just record a YouTube video and that's it Jeremy bought in during the GFC then a few years later was bored and decided to give advice on things he has no clue about and still has no clue about hence of of his recent stock picks so with tattoo Chef I'm 100% convinced this is going to be a 5 to10 billion Mark cap in 2030 based upon where I see their revenues going over the coming years based upon where I see their net income going their margins going everything like that okay it's a $687 million market cap right down so I think this company going to be a $510 billion

1:32 company that's why I'm investing in it what the fuck are you talking about Jeremy tattooed Chef have a market capitalization of 5 to 10 billion by 2030 how the company made plant-based foods not exactly the stuff people are shoving each other out of the way to buy I mean fuck Jeremy even Yahoo was telling you this thing was grossly overvalued but before we cast too much judgment let's hear some of Jeremy's due diligence I'm investing in this company and so whether it's at a $687 million Mark cap or a $1 billion Mark cap or $ 1.5 billion Mark cap right in the end it's all going to end up being gravy in my personal opinion right and right now I'm going down with the ship I'm the captain of the Titanic and we're going to the bottom of the ocean little do they know this is not a regular ship we're in a submarine and we're going to come back up baby and we're going to fire the nukes okay this a nuclear

2:18 submarine dud do people seriously take investment advice from a guy who just said he's willing to go down with the ship on his stock Choice what kind of fing mad man does that Jeremy does know there's a cell button right or did his memory of that disappear along with the remainder of his dignity after hanging out with deckheads 1 2 and three I know people have been wanting to see it okay they've been wanting to see how bad your boy has been destroyed in the market let's get into the ugly and boy does it get ugly okay so now you're looking at the public account now I want to preface this and say that from time to time everyone picks a bad stock it's natural what isn't natural is consistently picking them and then holding on to them harder than this guy in his favorite glove so in Jeremy's public account he

3:04 was holding 20,600 units of ttcf at a cost bases of 340 Grand and a current value of 170 Grand down 50% now being down 170 Grand is nothing to sneeze at but that's his public account what about his private account this is where it starts to get really ugly what you're looking at here this is my main private account these are my tattooed Chef shares in my main priv prate account uh down $626,000 yeah zoom in on that Jeremy that's a good idea really emphasize the fuck witery that is your tattooed Chef purchase but as much as we'll be roasting Jeremy in this video you we got to give him some credit here other fake gurus would lie through their teeth and

3:49 say that they sold their shares and broke even but not our boy what Jeremy lacks in stock picking ability he more than makes up for in testicular volume so totaling is public count units of 20,600 and his private Holdings of 65555 at a blended cost of $17.90 a share that's $1.46 million Jeremy decided to spend on a company whose balance sheet looked less balanced than lizo on a seesaw now I'm not one to rub a lot of salt in the wound just a pach but being down $626,000 isn't quite where Jeremy's submarine ended up well folks it's official I have sold all my ttcf stock yes I have indeed I've given this management team time and time again chance after chance and just to be let down and let down yes I'm sure

4:36 the management team of tattoo Chef gave plenty of but as we can see Jeremy offloaded most if not all of his ttcf shares at around $130 putting his total loss not at $626,000 but closer to $1.35 million now again everyone who buys stocks will have a red one or two in their portfolio so to rule out any bad luck let's see Jeremy's due diligence we got more on the ttcf fact sheet okay uh we know this company's growing into much more than just a frozen food company within 24 months which was been something some of the short sellers had tried to point out we know the company's likely going to get in a whole lot more stores than they're in today right we know more doors are coming meaning you know if you uh you

5:23 know have a certain amount of of shelf space in a store more skews are coming right we know the company has nine figures of cash right we know the company has Sam and Sarah in the front of this company right Sam 35 years or whatever in the food industry right we know Sarah has done amazing job coming out with great products more stores more doors and Sam and Sarah H what I've seen more in-depth research go into a baking soda and vinegar volcano project because unless Sam and Sarah are to plant-based Foods what Hogan and dar at the ice cream this company was Dead on Arrival now while tattooed Chef might have given and Jeremy more of a roasting than I ever could it's not the only stock you found disaster in uh my second uh in terms of the position I'm down the second most on

6:08 in the private account honest $241,000 almost A4 million you combine those together and uh what is that $900,000 or so [Music] down is right $900,000 on a company who today is actually back at the price Jeremy purchased it at so much for being a long-term investor and going down with the ship so let's see some of Jeremy's expert due diligence and action well the stock I sold is honest pretty simple decision for me at the end of the day when it comes to honest it's just isn't a company that's shown any improvements in margins any improvements in profitability and it's extremely concerning there's really two ways on how a company goes bankrupt one way is they just have too much debt they keep piling on the debt they take bigger and

6:55 bigger losses over time right because essentially they're having to pay down this debt but they their whatever they're making for profits if it is a profitable company it's going straight to the debt now while it's true that companies do go bankrupt from having too much debt at the time Jeremy filmed this video honest had no debt which leads me to believe that Jeremy's due diligence for this company was about as good as his handwriting shit is so bad it looks like he's experiencing a permanent seizure in regards to honest it goes even deeper and further than just a situation around the financials which are really troubling they brought in a new a CEO car Vernon OB obviously the beginning of this year end of last year kind of right Carla you know she posts so much of this it's just getting a lot of people frustrated cuz here's a deal honest is fighting for their life as a company the company's down to like $18

7:40 million of cash as of last quarter and they just took a $13 million loss in the last quarter so they're fighting for their life and meanwhile you have Carla people are just getting fed up with this she's posting this at honest diversity equity and inclusion or all these things and um you know people are like how about sales and margins yeah how about those sales and margins because while honest was a struggling company its Founders such as Brian Lee also known as the brains behind Kim Kardashians Enterprises and Jessica Alba weren't going to let this shit fail they appointed a new CEO in January of 2023 but Jeremy didn't even give her a year to try and turn the ship around selling his stock in September of 2023 and you know where the stock is today 400% higher than when Jeremy sold it so how about sales and margins how about uh

8:27 shut the up black and white photo guys um as you're seeing there you know basically lost everything in the stock uh 200 that's A4 million dollars we got to talk about this stock here and um kind of what's happened what's transpired yeah what's transpired here is Jeremy went full degenerate Gambler you never go full degenerate this shit belongs on Wall Street bets you know what's weird though is that Jeremy lets go of his winners and holds on for dear life to his losers it's like like once he finds a piece of shit company he turns into Dominic Toretto and his ride or fucking die with that thing so let's let's let's hear just a just a snippet just a teaser of Jeremy's due diligence for Voyer where do I even want to start so in regards to that that stock how I even got into that in the first place was um

9:13 you know I had no crypto exposure it kind of seemed like I should get some exposure into crypto and so I thought well you know I don't really know what's going to be the big cryptos so I'm going to play the Pix and shovels business essentially and the Pix and shovels business is an idea that basically comes from the gold rush and you can either be the company or you can be the person trying to get the gold or you can be the one selling the pick and shovels right yeah not really Voyer digital was a crypto brokerage firm that made extremely risky loans to crypto hedge funds such as 3 hours Capital so they weren't the picks and shovels of the gold rush they were the greedy speculative financiers who sport mustaches like this one n see but let's hear some more of Jeremy's due diligence so I said okay Voyage digital I looked at the company uh at that time they were cash loaded nope they had 22 5 million

9:59 in cashh of which 165 was restricted meaning it was not available for business use they had revenues that were exploding nope for the last five quarters their revenue was volatile but relatively flat they were getting a profitability you know at this point I have doubts that Germany can even read Voyer was not on the way to profitability they were losing more and more money every year until in 2021 they made several risky loans of which they got a fraction back now there are plenty of other disasters of stocks that J's recommended such as planet 13 disaster coret disaster very good food company shit name and a disaster smile direct Club disaster Oly disaster and avat Brands disaster so when we overlay these charts it becomes pretty clear that if you did the exact opposite of what

10:46 Jeremy suggests to do you actually might be the richest person on the planet by now although that shouldn't come as any surprise to us because Jeremy isn't a stock picker he's an Entertainer and if you don't believe that just look at his channel Jery's thumbnails are a combination of either looking surprised looking like he's just shit himself or looking like the next bad on To Catch a Predator so now we know that Jeremy's individual stock picks perform as well as an 18-year- old's first time visiting this couch let's put it all together and see how his entire portfolio has done over the last few years now strongman personal finance should be credited with doing the leg work here but you know I'd rather not have a topless man on my screen for very long so I'll just slide on over so to work out Jo portfolios track records our Focus will be on the

11:31 proceeds versus the cost basis or how much he earn versus how much he paid so in 2019 he had proceeds of $23,000 versus a cost basis of $166,000 in 2020 is proes of 400,000 versus a cost basis of 347,000 in 20121 proceeds wor 370,000 versus a cost basis of 252,000 and finally in 2022 is proceeds wor 323,000 versus a cost basis of 69,000 now we also have to include his unrealized games for 2022 which is proceeds of 1.25 2 million versus cost basis of 1.48 million now again thank you strongman personal finance please put a shirt on Jeremy's total dollar value gain is $233,800 which equates to 10% when the S&P 500 to nearly 60 so Jeremy isn't

12:18 crushing it in the market he isn't even at the market Jeremy's investment strategy is literally worse than if you used a random number generator to pick your stocks for you and this has the audacity to charge 5 grand for a membership to his stock trading club now it wouldn't be a Jeremy lefur expose video without talking about FDX the debacle that saw Sam bankman freed get stabbed in the back by the female version of Harry Potter in effect unchamber his Secrets Sam doesn't need the money to buy a Lamborghini or to buy a Rolex or to impress his friends in fact his car is a Toyota Corolla it's you trust the guy more when you see the car he drives he's worth like 20 billion and he drives like this kind I don't want to call it beat up it's like a it's

13:04 an older Toyota not he doesn't even have window tint on completely stock Toyota to gain trust and endorsement from idiot gurus Drive stock Toyota the most generous billionaire ever where you can get 10% off on your trading fees these are bad fees are very bad but FTX there are no fees whatsoever and if you sign up with our link then you too could have been a part of the class action lawsuit against the stooge pack which as of filming is still ongoing now the class action alleges that defendant Jeremy lefur a YouTube star with over 700,000 subscribers to his YouTube page Financial education was paid to endorse FDX and that's true Jeremy admits he was paid by FDX to promote them which in and

13:50 of itself speaks volumes about Jeremy but how the deal ended is a point of debate I made the hard decision to cut ties with FTX and I just want to be fully transparent with you guys on um my side of things and and kind of what I've seen and um why I've made this decision so Jeremy says he left FTX not that FTX left him it's the classic she didn't dump me I dumped her what actually is happening here is you're being taken by Jeremy for a little ride let me explain what's going on yesterday FTX us sent an email to every creator that works with them and actually confirmed with my agency that this has been done across the board for all creators she dubed him now it's bad enough that the scam Squad endorsed such a piece of shit company to begin with but for Jeremy to then lie

14:37 about how the deal ended why all Jeremy accomplished by doing that was to turn his already terrible reputation into a terrible reputation lasagna adding a shit filled layer of douchebaggery that I bet not even meat breath Kevin or Graham steal your money Steven could have dreamed up and with the irreparable Damage Done from the FTX debacle Jeremy and his co-conspirators shut down millennium money which used to look like this you know I've not seen this much doomsaying since the crazy guy from Little Nikki how far is burned me a lot look at this shit we lost everything the recession is about to get worse just got margin called we're done and the stock market is a disaster I mean fuck these guys the only thing they know how to sell is bad news in their souls and speaking of selling unsurprisingly

15:24 Jeremy has something to sell you and I wanted to create the ultimate training area where I could essentially train newer investors and maybe even experienced investors and take them up to a much higher level and the way I kind of thought about this is I need to break it apart through course curriculums and so I could teach everybody all the things they need to know yeah the only things people need to know are one not to listen to Jeremy two not to listen to Jeremy and three avoid whoever the Jeremy's hairdresser is so when they go to make moves in their portfolio they feel confident going in making those moves and they're not just throwing money around they're not just G gambling money in the stock market was gambling not what he was doing in those earlier videos and how he wants us to pay him to teach us not to gamble I think I'll PA so my private group is to

16:10 get you up to a very high level in a very quick amount of time where you can go through these course Creations they're going to teach you everything and like downloading my brain to your brain teach you everything that you need to know so you can take things to Next Level okay and then with THX stocks.com I created that as a premium investing software a000x stocks.com just just when you thought Jeremy couldn't get any more slimy he manages to outdo even himself if it weren't so cringe it had almost be impressive and by the way the only thing premium about Jeremy software is the cost so let's see what it looks like and holy shit it's even more tacky than I could have imagined this site looks like the financial equivalent of taking a date to McDonald's I feel greasy just being here now I won't go through most

16:55 of this garbage website except for one part what I would call the pesta resistance The Shining turd of the website beautiful but this is everything that is wrong with Jeremy on one screen he doesn't understand how companies work at all these metrics and data points are just a snapshot at a specific moment in time they're totally useless to us is the company's PE going up or down over time do they have a big right off whichers affected margins are they acquiring someone into big cash burn none of that is here and what is this many stocks trade at what is that in the same sector in the same industry the are we supposed to do with that information this screen is as useless as Jeremy and the cost to access all of this garbage a one-year membership will set you back $1,200 a 2-year membership $22,000 and a

17:41 lifetime membership well that'll set you back a cool five grand so to bring it all together and make it extremely clear why Jeremy doesn't really give a shit how much he makes or loses in the stock market or how much he causes you to lose in the stock market we're about to do some quick mess now all of these numbers are accurate as filming and may have changed since so starting with Jeremy's YouTube channels of which Jeremy has two Jeremy's main Channel gains about 54,000 views a day and his other Channel 28 so that's 82,000 views a day and an assumed Revenue per mile of $25 which equals $2,000 per day 14,000 a week or $746,000 a year enough to just about scratch the surface of Jeremy's gambling addiction now Jeremy also has a patreon account with 1,190 members that's right Jeremy has 1,190 people who pay him a monthly

18:28 subscription for for God knows what reason now his base subscription is $7 and mid-tier $33 and the VIP bundle also known as the very idiotic purchase is $163 so let's assume a 60% 30% and 10% split between the three tiers that's 60% to 1,180 which equals 714 * $7 which equal $4,998 tier 2 is 30% of1 1,180 which equal $257 * $33 which equal $1,781 and the VIP tier which is 10% of 1.90 equal 119 * $63 which equal 9,387 so per month Jeremy's patreon earns him $ 36,18637 1012 a year adding that to the $746,000 earlier it comes to $1.18 million

19:13 additionally and I hope you didn't think i' forgot the Masterpiece that his 1000x stocks.com if we assume that say 50% of his patreon subscribers are also a member of J's 1000x stocks and assume a 33% split between each of the tiers one year two year in lifetime that's 16.6% to 1 190 * 1000 plus 16.6 % of 11 190 * 2000 + 16.6% of 1 190 * 5,000 which equal $1.58 million now the lifetime membership is obviously not a recurring fee so with the final calculation I've assumed that the 16.6% of the 1190 patreon members is a new member rate per year which effectively makes it a recurring fee so Jeremy's total yearly income from being one of if not the worst godamn stock investors on the fucking planet comes to a whopping 2,764 $32 a year which is just

20:01 mindblowing to me that a guy whose value to the human race comes with a negative number takes in more money a year than a fucking cancer research lab that is pure and unadulterated Insanity so I hope you see now why Jeremy has the luxury of gambling his money away because it isn't through his stock portfolio that he actually makes it so while Jeremy's advice causes him to lose money at a staggering rate it will very likely cause you to go bankrupt thank you for watching and God go with you

Share

More video summaries