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December 30, 2021 | 2021: An Excellent Year for the Unscrupulous

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Fuelled by crypto, SPACs and commission-motivated promoters, there were 1,110 initial public offerings globally in 2021 (3x the average of the past decade).  As shown below, two-thirds of them are ending the year with losses.

 

It is important to understand that there is no level of personal wealth at which those without scruples will stop capitalizing on the trust of gullible followers.

Actor Ben McKenzie and Jacob Silverman, The New Republic, join ‘Crypto Night in America’ to discuss why celebrities promoting cryptocurrency may be bad for individual investors.  Here is a direct video link.

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December 30th, 2021

Posted In: Juggling Dynamite

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