Yahoo Finance, and Kevin Paffrath equals ZERO credibility
Watch a number of main stream financial channel on YouTube , but when
I am watching Yahoo Finance, and they have Kevin Paffrath on to ask
his views , the channel credibility drops to ZERO and I do not bother
anymore
howard Edmonds
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howard Edmonds
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there are several points that raise questions about Kevin Paffrath's credibility as a finance YouTuber:
Legal Issues: Paffrath has faced lawsuits from companies like Ramsey Solutions for breach of contract, stealing trade secrets, and defamatory statements
. He was also charged with trespassing and disorderly conduct related to a prank on Grant Cardone, though the charges were later dismissed These legal entanglements could undermine his credibility.
Promotion of FTX: Paffrath admitted to being paid by the now-bankrupt FTX cryptocurrency exchange to promote it on his channel, which he later apologized for
. This raises concerns about potential conflicts of interest and the objectivity of his advice.Questionable Advice: According to the New York Times, Paffrath has previously "extolled the virtues of misleading tenants and vigorously refusing to rent to people with suboptimal credit scores"
. Such advice could be seen as unethical and damaging to his credibility as a financial advisor.Income Sources: Reports indicate that Paffrath earns most of his income from YouTube advertising revenue and affiliate programs, not necessarily from successful real estate or stock market investing
. This could raise doubts about the practical applicability of his advice.Sensationalism: Paffrath's energetic and sometimes disheveled persona, as described in the Wall Street Journal article
, could be seen as prioritizing entertainment over substantive financial advice.BUT Yahoo finance deem his view credible to have him on the show