4 ms·
Reminds me of this... During Apple's 1980 Initial Public Offering (IPO), Massachusetts regulators banned residents from purchasing the stock. The state's securi
by EugeneG 4mo ago
Reminds me of this...
During Apple's 1980 Initial Public Offering (IPO), Massachusetts regulators banned residents from purchasing the stock. The state's securities regulators deemed the offering "too risky" and "over-valued," enforcing a state rule that prohibited IPOs with a price exceeding 25 times earnings.
- groundzeros2015 4mo agoAnd it was probably prudent to wait. The investors who wanted to take more risk could do that. Retroactive reasoning with investments (if I just bought X) is insane.
- cj 4mo agoIndeed. They IPO'd in 1980, yet their stock price was below the IPO price for the majority of 1980-1987. It also fell to its IPO price for an extended period of time between 1996-1998. You hypothetically could have waited 20 years after the IPO before investing without giving up theoretical gains.
- lmm 4mo ago> The investors who wanted to take more risk could do that. What? How? By moving out of Massachusetts? I could understand banning such a speculative stock for e.g. pension funds or whatever, but blocking private individuals from buying with their own money seems insane.
- deleted 4mo ago[deleted]
- groundzeros2015 4mo agoYou’re right. I read this as banned the state from buying it (pensions etc). I agree that’s absurd if you were not allowed to buy through a broker.
- ai_fry_ur_brain 4mo agoWell we are far more corrupt and in the last stages of late stage capitalism. 15 day waiting period for Nasdaq 100. Your 401k is now the exit liquidty for the country's 5k richest people. I really dont see how America doesnt collapse on the weight of its own corruption. But maybe the was the plan all along....
- EugeneG 4mo agoThe stock market (and in particular the US stock market) has been an incredibly positive influence on the average American's 401k... Great driver of allowing Americans and beyond to share in the upside of successful companies... big reason why Americans can retire. Of course, it doesn't always go up... I think you have an oddly negative bias.
- ai_fry_ur_brain 4mo ago[flagged]
- dmoy 4mo agoMaybe don't buy QQQ in your 401k then if you're concerned about nasdaq100 inclusion
- ai_fry_ur_brain 4mo agoTell that to everyones 50 year old mother who doesnt even know how to login to their account, let alone modify their allocations.
- derwiki 4mo ago50 isn’t old? I would expect a 50 year old mother to be competent.
- ai_fry_ur_brain 4mo ago[flagged]
- epolanski 4mo agoWell Apple followed being a disaster for two decades.
- nothercastle 4mo agoApple was a pretty crappy stock till the late 90s so you would have had to wait almost 2 decades to make decent money