My dear visitor, I want to give you a heads up that I’ll be posting new content on weekends throughout the summer.
© 2012 Resident Planning Geek
The Skinny – May 2012
Filed under The Skinny
It’s Possible to Purchase Just 1 Facebook Share. But Do You Just Want 1?
It’s possible to purchase one Facebook share of stock on opening day.
If you’re interested in being a part of the most hyped IPO ever you can buy a stock and a certificate to commemorate your purchase from a couple of companies.
There are two companies recommended by CNN in the article ‘How to buy 1 share of Facebook stock’ that you can purchase from: GiveShare.com & OneShare.com.
But a small detail would make your purchase a tad bit expensive.
GiveShare.com charges the stock price (In this case ranging fro $34-$38), a $39 gift fee and up to $55 for your certificate’s frame. Read the company’s Frequently Asked Questions.
If you want to buy more than one share of the stock tomorrow you could double your purchase. Or you could do one of these two things.
You could buy several shares from a dealer of ill repute or just wait until it’s affordable for you.
If anyone is selling you shares at a bargain, like 3 shares for $60 because they have an inside deal. Or if anyone is sweet talking you into buying some shares at an unreasonable high price with the encouragement that it’s a good deal because the price will skyrocket – tread carefully.
If you’re like me (just a regular Jane Doe) and your goal is to make money and not a memento, it makes sense to wait.
According to Walter Updegrave, only with rare exceptions can individual investors without large sums of money buy at the IPO price.
In his article for CNN Money titled ‘How can small investors buy Facebook stock?‘ Updegrave reports that “shares are doled out to investment banks, institutional investors and big customers by some brokerage firms at the initial offering price, which is set by the underwriters before the stock is available to the public.”
It’s better to buy it through a trustworthy company after tomorrow.
Buying stocks is always a gamble. There’s never a guarantee.
But when you win, you win big.
© 2012 Resident Planning Geek
Filed under A Main Post
Buying Facebook Stock Tomorrow. Is it Smart?
It’s less than 24 hours to Facebook’s initial public offering (IPO) of its stock. Facebook wants to raise money, and becoming publically traded allows them to do just that.
It’s IPO tomorrow could raise about $18 billion according to Huffington Post.
At this moment the range of price for the stock is $34 to $38 per share. That’s up from it’s previous price range of of $28 to $35 per stock.
Some pundits and financial advisers are saying that Facebook’s IPO is over priced.
Would you buy Facebook stock regardless?
If so, how many?
Depending on how many you want to purchase you’ve got to have upwards of $200,000 in your bank account to purchase Facebook stock through TD Bank for example. Hiring a brokerage firm to handle sales of the stock requires you have thousands at hand as well.
With money at hand, is the stock worth purchasing?
The worth of Facebook’s stock is tied to its advertisement dollars. Companies pay to promote their products on the site.
GM, which promotes it’s cars on Facebook, questions whether the company has any influence on impacting the buying power of its users. The company pulled its $10 million dollar ad campaign from Facebook this week because the GM hasn’t seen increased sales.
But, even with all the questions and criticism, Apple’s founder Steve Wozniak believes it is okay.
According to Bloomberg News, Wozniak said, “I would invest in Facebook”. In an interview with Bloomberg Television in Sydney he said, “I don’t care what the opening price is.”
© 2012 Resident Planning Geek
Filed under I Am Watching...This!
