re: How's the Facebook stock doing?

In at 23 then again at 34...with the blended pricing my gain is 104%. I'd make a killing if I could only predict human emotion (aka irrationality).

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Bought the IPO and still holding

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Brave man

Bump

I think the problem is that Tech moves so much faster. People want to understand their investments and in the Valley, startup companies create products without a vision or a solid plan of what they want to become. They create a product, watch how people use it and then pivot endlessly towards their user base. It's a very different paradigm than traditional business and it scares people when businesses in tech openly admit they aren't sure what they will be at first.

Posterous, Tumblr, MySpace, Theranos...there are a lot of cautionary tales that spook investors and the Tech Bubble probably still spooks older investors as well. Those companies burned white hot and are now toast. Hell LSU Football used to have a Posterous Account and updated it all the time.

People don't understand Snapchat Filters and shite like that. It's difficult to invest your money in shite you don't understand.

Just my $.02...

I agree fully but man these companies now are doing real things, the tech bubble really included junk: webvan grocery delivery, momma.com, lots of utter junk building really nothing. You can't call Facebook junk when it owns assets like whatsapp which tops SMS globally, or instagram, and is really making a ton of money. I said a few months ago the PEG on facebook still made it cheap, its P/E ratio is irrelevant with the growth involved. The same could be said for all these things like Tesla and Amazon, yes they don't make money but they have real amazing products, which the tech bubble did not have. The other day LSUtoOmaha mentioned ethereum, it was $52, on tuesday, its like $72 right now lol. A quick glance and its market cap is like 30% of Bitcoin's so on a relative scale it wouldn't shock me if it kept going.

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I think some of the older guys are going to miss on a lot of opportunities if they don't change thier worldview

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Or they'll just die with 2-4 million instead of 10-15. Can't blame them.

I'm pretty good friends with an older guy at work (mid 50s), and he wanted to use Robinhood just for fun. He just couldn't sign up and give away all his personal info. Y'all know the type. But he's well off and has tons of land. He's made his money, and he's lost it too (.com bubble).
So older people are constantly thinking of how much they lost from tech in 1999-2001 too. You'd be gun shy as well if you had lost more than 50% of your portfolio from tech stocks.
I'm not saying they're rational, but it's always in the back of their mind.

What is ethereum, and how does one invest in it?