Tag Archives: Online Trading Academy

Facebook's IPO

Is Facebook’s IPO A Chance To Get Rich Quick For Valley Residents?

With the announcement of Facebook’s IPO, many want to get to get their hands on the stock in hopes of a chance to “get quick rich.”

The eight-year-old company Facebook filed to go public by May and raise $5 billion in what could be the largest-internet IPO. Facebook reported $3.7 billion in revenue and $1 billion in profit last year alone, doubling the $1.97 billion in revenue it registered in 2010.

Facebook now boasts 845 million members since CEO and founder Mark Zuckerberg started the social media giant. With the proposed stock filing, Zuckerberg will have 28.4 percent of Facebook’s shares making his personal worth a staggering $24 billion.

According to Valley macroeconomic expert and CEO of Online Trading Academy in Phoenix, Ken Beckrich, the answer of if local Valley residents should invest is definitely “no.” Unless you want to get crushed by big bankers with deep pockets, Beckrich warns the average individual from investing his/her life savings in Facebook’s stock.

The major investor in Facebook, Morgan Stanley, will only provide their best clients shares of the stock in order to create a supply and demand. This will then leave very little accessible and affordable shares for the everyday trader.

As many look for investments to “get rich quick,” Beckrich advises for less risky investments that don’t include powerhouse names or whatever the latest fad is. Rather, educate yourself on an investment that will have the highest return on investment rate.

For more information about Beckrich or the Online Trading Academy, visit tradingacademy.com.