Quote:
Originally Posted by Haggar
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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Did you look at the Apple stock history? That stock didn't start to go up until 25 years after the IPO. So, making money on Apple stock had nothing to do with buying the IPO.