Why Most IPOs Will Disappoint You 🦖

Most people look at a roaring IPO and think “I missed the best investment of my life”. I look at the same chart and ask a different question, who was selling into that excitement, and what did they know that you did not. The uncomfortable truth from decades of data, and from names like SpaceX and JustCo, is that the pop belongs to insiders, the lag often belongs to retirees.

If you are managing CPF or SRS, the real danger is not one bad trade, it is two years of underperformance versus the boring index while you were holding an exciting story at the wrong price. That gap, 20 or 30 percentage points, is what quietly changes your retirement income. This episode is my forensic walk through why most IPOs mathematically cannot all be “once in a lifetime”, and the simple discipline that keeps your CPF and SRS focused on compounding, not on roadshow hype.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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I look at the same chart and ask a different question, who was selling into that excitement, and what did they know that you did not. The uncomfortable truth from decades of data, and from names like SpaceX and JustCo, is that the pop belongs to insiders, the lag often belongs to retirees.\nIf you are managing CPF or SRS, the real danger is not one bad trade, it is two years of underperformance versus the boring index while you were holding an exciting story at the wrong price. That gap, 20 or 30 percentage points, is what quietly changes your retirement income. 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The uncomfortable truth from decades of data, and from names like SpaceX and JustCo, is that the pop belongs to insiders, the lag often belongs to retirees.\nIf you are managing CPF or SRS, the real danger is not one bad trade, it is two years of underperformance versus the boring index while you were holding an exciting story at the wrong price. That gap, 20 or 30 percentage points, is what quietly changes your retirement income. This episode is my forensic walk through why most IPOs mathematically cannot all be “once in a lifetime”, and the simple discipline that keeps your CPF and SRS focused on compounding, not on roadshow hype.</body></html>","text":"Why Most IPOs Will Disappoint You 🦖 Most people look at a roaring IPO and think “I missed the best investment of my life”. I look at the same chart and ask a different question, who was selling into that excitement, and what did they know that you did not. The uncomfortable truth from decades of data, and from names like SpaceX and JustCo, is that the pop belongs to insiders, the lag often belongs to retirees. If you are managing CPF or SRS, the real danger is not one bad trade, it is two years of underperformance versus the boring index while you were holding an exciting story at the wrong price. That gap, 20 or 30 percentage points, is what quietly changes your retirement income. 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