Ricky Gutierrez is a 22-year-old online entrepreneur and CEO of Techbud Solutions. I first came across Ricky on YouTube from the recommended videos list. The title had a big click-bait headline – “How I made $200,000 by the age of 21” and an eye-catching thumbnail. After watching that video and a few others, it’s clear the $200,000 he earned didn’t come from trading stocks. He accumulated the money primarily through affiliate marketing and selling cars NOT from trading. He seems like an honest, likeable guy and sounds as though he understands a lot about investing. In reality, he just understands the basics and not much more. Why bother getting a real job while you can bank easy money selling an overpriced product so you can later buy more real estate. (Steven Dux is a far more talented trader to follow).
Over the last year in particular his YouTube channel has grown in popularity and has built a large following. He teaches newbies the basics and fundamentals of trading penny stocks along with some real estate investing advice. None of which he’s qualified to do. His channel appeals mostly to naive young millennials who understand very little about the stock market. Gutierrez uploads free helpful lessons teaching how to build watch-lists, read stock charts and answers questions related to penny stocks. On the surface, it appears there is no hidden motive and doesn’t have a product to sell.
During his videos, he continually advertises his Facebook group, Techbud Solutions. It’s a group of like-minded traders who share ideas and lose money together. Ricky reminds me of a less shady version of that Trading Fraternity guy who never shows his face. Techbud Solutions has attracted a staggering 50,000 members, that’s an impressive feat! While the group is free to join, Ricky makes money through selling one-to-one consultations and through a new stock trading course he recently released. This was his master plan all along. Build your trust through free videos and then bam, buy my new $300 trading course. He claims he can teach you to become a profitable trader even though he has no track record. Ricky will show his profits on a few trades but never reveal any losses.
On the sales page for his new course, it says – “learn the simple techniques that have led to his net worth of nearly $1 million.” This is misleading, as I mentioned before none of that money was earned through trading. His net worth will soon be well above $1 million from all the suckers buying his product. Come on; the kid still uses Robinhood as a broker. Everyone know’s Robinhood is a terrible broker and is only used by newbies, free trades do come at a cost! There’s even a video of him complaining to Robinhood customer support about money he lost on a trade. It’s his own fault for being cheap and trying to avoid paying commissions. Sign up with a proper penny stock broker such as E-trade or Interactive Brokers.
Ricky is a savvy online marketer and understands how to market himself effectively. His videos rank on YouTube for everything related to penny stocks. You can’t avoid seeing his goofy thumbnail of him smiling with a misleading headline – “how to make $100 a day in the stock market.” Recently he uploaded a video where he picked up a random stranger in his Mclaren supercar. The video is a clever viral marketing tactic to advertise his service and appeal to a wider audience outside of his normal viewers. More than likely this video will receive well over 100,000 views attracting more customers to whip out their credit cards.
Ricky Gutierrez is not stupid; he realizes there’s easy money to make from selling subscriptions to gullible young people. More than likely he signed up to various programs from other traders such as Timothy Sykes and teaches similar strategies in his own videos lessons. I also hate the way he drives around in supercars, advertising this cool lifestyle that was not created by day trading. The stock market is booming, so now is the perfect opportunity to release a course. Remember during the gold rush the only people who really made money were those who sold shovels and supplies not those searching for gold.
Ricky Gutierrez is a nice guy, but he’s a charlatan in my eyes and it’s obvious he has little experience trading. He says he uses the same concept in real estate as when trading penny stocks. What does that even mean? This sounds good in theory but is absolute bull shit. While his lessons are helpful for beginners to understand the basics, this guy has no business teaching people how to trade. All of his students are going to end up blowing up their accounts. Charging $300 is absolute madness, it would be more reasonable to charge $30. The moral of the story is don’t trust anybody on the internet no matter how honest and trustworthy they seem. Ricky is purely money-motivated and views teaching as an easy way to make a few bucks.