Chapter 4
Finding the Best IPO Information
The first step in any smart investment decision is research. But the reality is that many individuals don’t spend nearly enough time investigating the soundness of their potential investments. Instead, they act on rumors or rely on tips from their hairstylist or other questionable so-called experts. Sure, it is possible to get lucky with this type of advice; the stock might soar—but relying on luck is risky.
So the first lesson for any investor is: Don’t buy any initial public offering (IPO) strictly on rumors. After all, if you’re going to spend $1,000 to $5,000 or even more on a stock, isn’t it a good idea to investigate the company?
At the other end of the spectrum there are investors engaging in ...
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