Stupid Stock Investments
Posted by taxguru on May 8, 2004
I’ve discussed on several occasions why I’m not a big fan of investing in the stock market; mainly because it is too unpredictable, easily manipulated and completely out of the small investor’s control. I’ve been skimming some of the news about the upcoming IPO for Google and am amazed that anyone thinks it is a good investment opportunity. As this comic illustrates, the current owners want to have their cake and eat it too by preventing the new shareholders from having any control over the company’s operations; so they are planning to sell non-voting shares to the public. That is about as stupid from an investment perspective as the tracking stocks that were being sold during the dot-com stock market fiasco. Of course, there will be no shortage of fools eager to throw money at this latest hot thing.
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