Sigh, I remain concerned that if you want to light off a bubble in Tech this is the way to do it. Time will tell of course.
The reason I am concerned is that the last tech bubble was fueled by retail investors who got to buy stock in companies that IPO'd (but shouldn't have). A lot of people invested their savings into companies they were not prepared to evaluate reasonably. Relying instead on "trusted advisors" who often were financially invested in the stocks they advised going up.
No doubt there are some really honest and worthwhile crowd investing companies, just like there were honest and worthwhile financial advisers in the 90's and honest and worthwhile Mortgage brokers in the naughts. But their existence will not deter nor mitigate their dishonest counterparts who will ruthlessly, and with all the tools available to them (legal and otherwise), separate people from their money under the guise of "getting in on the ground floor of the next Google or Facebook." I want with all my being to be wrong about this, and would love for people five years from now to be able to see this comment and say "Gee what a cynic, he really didn't get it did he?" But that future is not the one I expect.
The reason I am concerned is that the last tech bubble was fueled by retail investors who got to buy stock in companies that IPO'd (but shouldn't have). A lot of people invested their savings into companies they were not prepared to evaluate reasonably. Relying instead on "trusted advisors" who often were financially invested in the stocks they advised going up.
No doubt there are some really honest and worthwhile crowd investing companies, just like there were honest and worthwhile financial advisers in the 90's and honest and worthwhile Mortgage brokers in the naughts. But their existence will not deter nor mitigate their dishonest counterparts who will ruthlessly, and with all the tools available to them (legal and otherwise), separate people from their money under the guise of "getting in on the ground floor of the next Google or Facebook." I want with all my being to be wrong about this, and would love for people five years from now to be able to see this comment and say "Gee what a cynic, he really didn't get it did he?" But that future is not the one I expect.