4 ms·

SoftBank Will Let People Invest in IPOs with Less Than $10

27 points by notlukesky 7y ago

gt565k 7y ago
Oh god, I bet Motley Fool will be publishing an article on how great this is and their IPO picks which could net you 20000% return over the next 10 years. SMFH
edoceo 7y ago
Somehow I feel this will lead to folks who don't have extra money will lose that money through this vehicle and flashy marketing helping SB get out of their deals. Direct line to the "next greater fool" if you will.
neilv 7y ago
This seems closer to a gambling operation or scamming operation, than offering ordinary people appropriate investment opportunies.
cryptica 7y ago
Ah yes now that it's all about to collapse is the perfect time to finally allow regular people to participate as startup investors.
joelbondurant 7y ago
Time to let the nonaccredited get burned with exit scams now that negative yield is expected.
hardwaresofton 7y ago
There was a company that recently started trying to sell stocks at retail outlets (walmart, etc) -- basically you could pay $20 for some sort of placeholder card (much like you might buy Netflix credits or whatever) that were good for shares in a company. This reminds me of that in a bad way. This is right up with the amount of pushing that is done for FX trading in japan -- it's hugely risky and really just a way to extract money from retail investors dumb enough to go for it. The information asymmetry, relationships, and access that institutional investors have versus the average retail investor is so stark that this is basically a trap for smart (but naive) people. Nevermind how scammy IPOs can be -- your trades don't go as fast as the big guys, and that matters. The "pop"s are made by waves of dumb money while the smart money was basically already in (whether that means private equity or trades that executed earlier than retail). This is obviously not about America, but I think it's relevant (with what I know about Japan living here for a few years): https://whorulesamerica.ucsc.edu/power/investment_manager.html https://whorulesamerica.ucsc.edu/power/investment_manager.ht... Japan's economy is similarly stratified, it's just that less people care/actually have time to do anything about it.
- mifreewil 7y ago
  > There was a company that recently started trying to sell stocks at retail outlets (walmart, etc) Sounds like Stockpile - They sell gift cards for stocks.
  - hardwaresofton 7y ago
    Thanks so much, I had a SUPER hard time googling for this -- kept coming up with blogosphere articles on how to invest in Walmart...

27 points by notlukesky 7y ago

Oh god, I bet Motley Fool will be publishing an article on how great this is and their IPO picks which could net you 20000% return over the next 10 years. SMFH

edoceo 7y ago

Somehow I feel this will lead to folks who don't have extra money will lose that money through this vehicle and flashy marketing helping SB get out of their deals. Direct line to the "next greater fool" if you will.

neilv 7y ago

This seems closer to a gambling operation or scamming operation, than offering ordinary people appropriate investment opportunies.

cryptica 7y ago

Ah yes now that it's all about to collapse is the perfect time to finally allow regular people to participate as startup investors.

joelbondurant 7y ago

Time to let the nonaccredited get burned with exit scams now that negative yield is expected.

hardwaresofton 7y ago

There was a company that recently started trying to sell stocks at retail outlets (walmart, etc) -- basically you could pay $20 for some sort of placeholder card (much like you might buy Netflix credits or whatever) that were good for shares in a company. This reminds me of that in a bad way. This is right up with the amount of pushing that is done for FX trading in japan -- it's hugely risky and really just a way to extract money from retail investors dumb enough to go for it. The information asymmetry, relationships, and access that institutional investors have versus the average retail investor is so stark that this is basically a trap for smart (but naive) people. Nevermind how scammy IPOs can be -- your trades don't go as fast as the big guys, and that matters. The "pop"s are made by waves of dumb money while the smart money was basically already in (whether that means private equity or trades that executed earlier than retail). This is obviously not about America, but I think it's relevant (with what I know about Japan living here for a few years): https://whorulesamerica.ucsc.edu/power/investment_manager.html https://whorulesamerica.ucsc.edu/power/investment_manager.ht... Japan's economy is similarly stratified, it's just that less people care/actually have time to do anything about it.

mifreewil 7y ago
> There was a company that recently started trying to sell stocks at retail outlets (walmart, etc) Sounds like Stockpile - They sell gift cards for stocks.
- hardwaresofton 7y ago
  Thanks so much, I had a SUPER hard time googling for this -- kept coming up with blogosphere articles on how to invest in Walmart...