Some big-name companies are planning to make public market debuts this year. But you should think carefully before investing your own money.
Uber, Lyft, Airbnb and Pinterest: These are just a few of the companies eyeing the public markets this year.
Experts say you should still proceed with caution if you're thinking of getting in on this deal or any of the other upcoming high-profile IPOs.Why some advisors are moving to shield the elderly from fraudPeople need to ask themselves whether they consider Lyft a technology stock, a transportation stock or a platform, said financial advisor David W. Karp, co-founder of independent wealth specialist firm PagnatoKarp in Reston, Virginia.
Take Google, for example. The company's 2004 IPO raised more than $1.8 billion. What it also did was make many of its shareholders richer, particularly if they held on to their stock. You should also take a look at your own balance sheet, including how much you can realistically afford to invest in the company and whether you will be willing to stay invested if the stock plummets, said Winnie Sun, founder of Sun Group Wealth Partners.
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