my background: been investing since 2006, have been following the markets and a lot of the big tech companies early on.
Always invested in companies that paid a dividend, had strong branding, profits etc.
watched the FB,amzns, googles,amds,nvidias, nflx take off.
In hindsight youd think these are no brainers, but at the time, many were unprofitable and so this kept me from investing. heck seeing fb at ipo for $22 seemed over valued to me because it wasnt profitable. Seeing amzn never post a profit also kept me skeptical of its value. At the time, following conventional investment strategies, you missed out.
So now looking at todays tech ipos, the ubers,snaps, lyfts, etc coming out with even more insane valuations, but having similar traits as the googls and amzns, should you be just as skeptical? or does it call for a change of conventional investing strategy?
Submitted May 05, 2019 at 12:00PM by badtradesguy http://bit.ly/2LpXDHT
