So we investing in the SpaceX/ openai IPOs? Clearly way overvalued but I have fomo about missing quick high returns.

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Only if they’re in an index fund.

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Buying at IPO has not been a smart idea for the last 10 years. Wait for the initial hype to die or after the lock up period ends.

IPOs are just ways to dump on the masses/retirement funds.

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They changed the rules who insiders could GTFO. You not know a scam when you see one?

likefunny

You mean the indices change so that they would let spacex into indices? That doesn’t really affect insiders. They have lock ups

I’m buying 100 shares and then forgetting about it. Elon has a successful track record and SpaceX has a very optimistic future ahead - not too worried about the detractors.

likefunny

Wait for the drop. Never buy at IPO price.

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Very bad idea!

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Don’t get fooled. You will own it indirectly thru index funds. No need to buy he ipo

Not a chance.

I’ll kick a few $k in and see what happens.

Yea I’m buying at ipo price just to say I did. Not more than 100. I think if it has a quick bounce before the inevitable crash I might sell and buy when it dips. I hate Elon but wouldn’t hurt to keep a few shares.

if you have a 401k and its invested in an index, you will automatically be opted into invested in space x

You won’t be able to make a quick profit. Most brokerages don’t let you immediately sell if you buy the ipo, for example fidelity etc

You get a violation and after multiple, you’re banned from participating in an ipo

I’ve heard this too and asked my Morgan Stanley guy. He said I shouldn’t worry about this. Who knows?

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