The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: crazy30 on November 10, 2015, 02:47:01 PM
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will be open next week so need to know if anyone is waiting like me? bad reviews but hey, who knows right?
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well out of solidarity, as we're the only two recent posters here with no replies! I'll give this a swing.
I have invested in individual stocks for about 10 years, but everything I've read here an elsewhere (Jack Bogel), or like jlcollinsnh's famous stock series http://jlcollinsnh.com/stock-series/ (http://jlcollinsnh.com/stock-series/) comes down to forgetting individual stock picking, and instead indexing. Which I am transiting to myself. So you might be asking this IPO question in the wrong place. I mean the Square could be a great IPO, or a crappy one, but the larger question is does this type of investment fit inside your larger plan for a financial future? Do you plan on beating the market, making individual decisions like this, over the next 10-30 years or whatever you timetable is? Don't get me wrong, I loved picking stocks, I spent huge time on it, and I will miss it. But the math is very clear, in the long run you loose.
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ipos have a track record of being at or below their opening a year later dont they? a few do well, but the majority dont from what i remember seeing somewhere.
better to bet against it than for it... or just use a broad index that includes it
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you should check out joshuakennon.com. he talks a lot about long term stock picking, if that's what you're into.