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(Business Insider)   "Investor" is planning on putting his daughter's entire $25,000 college fund into Facebook IPO. "If it goes the Google route, I'll be in good shape"   (businessinsider.com) divider line 217
    More: Stupid, IPO, Mr. Supple, CEO Mark Zuckerberg, Henry Blodget, SAI, Dustin Moskovitz, Google, Wall Street Journal  
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5393 clicks; posted to Main » on 15 May 2012 at 12:46 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-15 12:47:13 PM
How about the MySpace route?
 
2012-05-15 12:47:19 PM
One more new stripper on the way!
 
2012-05-15 12:47:22 PM
I hope, regardless of the outcome of his investment, that his daughter dumps him at the worst old folks' home she can possibly find.
 
2012-05-15 12:47:25 PM
Was that wrong? Should I have not done that?

/oblig fark response
 
2012-05-15 12:47:29 PM
Three months later: "Oh, I hope plunging means up, and seventy five means two hundred!"
 
2012-05-15 12:47:34 PM
static5.businessinsider.com
 
2012-05-15 12:47:37 PM
....and if it goes the Pets.com route?
 
2012-05-15 12:48:08 PM
This is a terrible idea. Muppetish.
 
2012-05-15 12:48:16 PM

Churchy LaFemme: How about the MySpace route?


Over in one.
 
2012-05-15 12:48:26 PM
Well, if she takes after him she won't need it anyway.
 
2012-05-15 12:48:39 PM

Bill_Wick's_Friend: ....and if it goes the Pets.com route?


Fark! That's where I was going....
 
2012-05-15 12:48:47 PM
Have we reached peak Facebook yet? I'm eagerly anticipating it's demise.
 
2012-05-15 12:49:03 PM
This is a great idea. If you're his broker.
 
2012-05-15 12:49:07 PM
Do the words "Diversified Portfolio" mean anything to you, idiot?
 
2012-05-15 12:49:39 PM
Google wouldn't have paid $1 Billion for Instagram, among other differences. If, as an investor, you can't tell the difference between Google and Facebook, then you deserve whatever losses you have coming.
 
2012-05-15 12:49:39 PM

The My Little Pony Killer: I hope, regardless of the outcome of his investment, that his daughter dumps him at the worst old folks' home she can possibly find.


The joke is still on her, her retirement is wrapped up in Social Security.
 
2012-05-15 12:49:42 PM
So that's what, three semesters down the toilet?
 
2012-05-15 12:49:42 PM
He'll be in good shape if he sells it half an hour after the IPO opens.
 
2012-05-15 12:50:21 PM
Yes - just because something became popular instantly doesn't mean it'll become unpopular quickly - right?
 
2012-05-15 12:51:28 PM

Sticky Hands: One more new stripper on the way!


images.stuffofawesome.com
 
2012-05-15 12:51:39 PM
Really?

No one even knows their financials yet, and you want to invest everything? You do realize you're buying common stock right?

Idiot
 
2012-05-15 12:52:00 PM
oskgunnlaugsdottir.com
 
2012-05-15 12:52:13 PM

Sticky Hands: One more new stripper on the way!


And a Supple one, at that.
 
2012-05-15 12:52:38 PM
 
2012-05-15 12:54:36 PM
2casino.com

At least with this you get a free drink.
 
2012-05-15 12:54:58 PM
Done in one!
 
2012-05-15 12:55:15 PM

Talondel: Google wouldn't have paid $1 Billion for Instagram, among other differences.


Well, they did try to buy groupon for five billion. Then again groupon's market cap today is about 8 billion. Which I completely do not understand.

Summary: I won't buy any facefark stock. I'll just keep dumping the retirement savings into a total stock index and a bond fund. Because I clearly do not understand this shiat.
 
2012-05-15 12:55:53 PM
Or it could go the Savvis route. I lost my ass on that one.
 
2012-05-15 12:56:13 PM
What an idiot.

People get rich investing in things that most folks DON'T see coming. This overhyped POS could tumble in stock value at any time.

In fact, it's being overhyped PRECISELY to get fools to invest in it.
 
2012-05-15 12:56:21 PM
Hey, what's one more year's worth of student loans? She'll be fine.
 
2012-05-15 12:57:05 PM
It's only a terrible idea if executed poorly. The thing is, there are many, many, many people who think like her, and people will over-pay to get in, now that there is so much hype, with the same hope. And that hype/hope -will- drive the price up at first.

Yes, of course, FB is extremely overvalued by historic margins (25X? For real?) and will plummet, but if she rides the initial wave of hype, and sells after a week or so, she could make out like a bandit.

Raspberry Pi's, for example,were selling for $350 on ebay for the fist few weeks after their initial release sold out. $35 hobbyist computers, selling for 10x the value, just because people thought the price would continue go up and they'd be able to sell it for even more. Just because of the hype. Some people made out, but only those that timed it perfectly. I personally was able to buy just over 300, and my roughly 10K investment returned $73,500 after 1 week (my average price selling them was $280), because of that hype. So it is doable. Now if you excuse me, my driver is taking me to the gym in 26 minutes.
 
2012-05-15 12:58:51 PM

styckx: Have we reached peak Facebook yet? I'm eagerly anticipating it's demise.


We've reached peak apostrophe abuse. I'm eagerly anticipating a time when people will understand the difference between its and it is.
 
2012-05-15 01:00:42 PM
The investor said this is a lot quicker than 25,000 scratch-off lottery tickets.
 
2012-05-15 01:01:08 PM

Talondel: Google wouldn't have paid $1 Billion for Instagram, among other differences. If, as an investor, you can't tell the difference between Google and Facebook, then you deserve whatever losses you have coming.


Google paid $1.6 billion for youtube. A product that has never made a profit for google.

/not sure I get you other point as both companies are profitable and growing
 
2012-05-15 01:01:31 PM

SoCalSurfer: No one even knows their financials yet, and you want to invest everything? You do realize you're buying common stock right?


I doubt he could tell you the difference between common and preferred stock, or the difference between stocks and any other kind of security.
 
2012-05-15 01:01:52 PM
Can somebody just rob him and take his money? It's for his own good.
 
2012-05-15 01:01:55 PM
What would be funny is if google did what Walt Disney did and bought up a majority of the shares as straw purchases and did a hostile takeover. Only way they'd ever win. Google plus is garbage and google hates that it failed. It's ruined it's entire product platform to be another Facebook.
 
2012-05-15 01:02:00 PM

palelizard: Hey, what's one more yearsemester's worth of student loans? She'll be fine.


FIFY

In 8 years I doubt $25,000 will go far in colleges.
 
2012-05-15 01:02:44 PM
What's this "Facebook"?
 
2012-05-15 01:03:12 PM

abfalter: What an idiot.

People get rich investing in things that most folks DON'T see coming. This overhyped POS could tumble in stock value at any time.

In fact, it's being overhyped PRECISELY to get fools to invest in it.


I'm getting a distinct vibe that this is going to perform very similarly to Pandora. Spike up on the first day then slowly erode 75% or more of value. I'd bet on it hitting $60 the day of the IPO and being below $20 a share in a year if I were more of a risk taker.
 
2012-05-15 01:03:14 PM

Quantum Apostrophe: styckx: Have we reached peak Facebook yet? I'm eagerly anticipating it's demise.

We've reached peak apostrophe abuse. I'm eagerly anticipating a time when people will understand the difference between its and it is.


You will need the patience of a Buddhist.

I think FB has already peaked, but that's just my opinion. I could be wrong.

Past results no guarantee of future performance. Yada yada.
 
2012-05-15 01:03:36 PM
If the daughter were an infant, this might be the way to go, but given the shorter (8-year) timeline, I wouldn't try it.

Our first round of investments (a comparable amount, adjusted for college tuition inflation) for Gough II's college fund went totally bust. ($8,000 to $0). Fortunately, he was 3 at the time. That gave us another 15 years to recover....
 
2012-05-15 01:06:02 PM

ISO15693: It's only a terrible idea if executed poorly. The thing is, there are many, many, many people who think like her, and people will over-pay to get in, now that there is so much hype, with the same hope. And that hype/hope -will- drive the price up at first.


An investment strategy known as the next idiot. Buy an over-hyped stock as the next idiot will buy it from you, just hope you aren't the last idiot.

The My Little Pony Killer: I hope, regardless of the outcome of his investment, that his daughter dumps him at the worst old folks' home she can possibly find.


Look for the phrase "as seen on 60 minutes" in their ads.
 
2012-05-15 01:06:05 PM
FeFiFoFark tip: Never pet a burning dog!
 
2012-05-15 01:06:46 PM

styckx: Have we reached peak Facebook yet? I'm eagerly anticipating it's demise.


I am not a fan of Facebook at all, but I don't think it has peaked just yet. When it does, I think the ride down will be a brutal one.
 
2012-05-15 01:07:14 PM
Jade Supple is an awesome name for a stripper.
 
2012-05-15 01:07:54 PM
Worst case scenario is that the daughter has to actually pay for her own college instead of being spoonfed for her first 4 years as an adult.

The likelihood that the $25k would be put to good use by the daughter for her first 4 years out of high school is virtually nil.
 
2012-05-15 01:08:45 PM

Masterstuff: palelizard: Hey, what's one more yearsemester's worth of student loans? She'll be fine.

FIFY

In 8 years I doubt $25,000 will go far in colleges.


It might pay for books though. At least a percentage. Ebooks.
 
2012-05-15 01:08:51 PM

SoCalSurfer: No one even knows their financials yet, and you want to invest everything? You do realize you're buying common stock right?


Perhaps if SEC had a rule that said that a company needs to release its financials prior to offering shares to the public? Wouldn't that be neat.
 
2012-05-15 01:08:56 PM

gingerjet: Google paid $1.6 billion for youtube. A product that has never made a profit for google.


I think that's changed recently. Not sure how official it is but I do know no one is laughing about it anymore and Google is quite happy with the purchase. Took a while though for sure. Instagram... I still don't see it myself but it's his money.
 
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