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.
ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
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
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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Danielle Park December 30th, 2021
Posted In: Juggling Dynamite