Quote:
Originally Posted by retiredguy123
I would never invest in an IPO (initial public offering). Typically, the only investors who make money are those who have insider information, regardless of how successful the product is.
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If you had invested $10,000 in the IPO for Apple in 1980 those shares would be worth $6,620,000 (and that number might be old). If you invest in 10 IPOs, lose money in 9 and hit in big on 1 - that investing philosophy might work very well.
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Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence. John Adams
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