have a maturity date. They are perpetual . Thus, it stands to reason that perpetual assets are going to take a bigger hit than those assets that mature when rates rise. This is exactly what happened in 2022.Article contentdestroyed
Generally, IPOs are to be avoided. Sure, one will occasionally pop and generate a ton of media attention. This creates a lot of FOMO for the next IPO. But as individual investors, it is very hard to secure an allotment of a hot IPO. Shares are typically reserved for large institutions, or favoured clients. In other words, if you can secure shares in an IPO, it’s likely one you shouldn’t own.
In the next market cycle, it might be a good idea to stick with long-established, quality companies rather than taking a flyer on the next new thing., but it is just so perfect to illustrate that investors tend to forget the basics in a bull market. They forget the risks. They forget the conflicts. Nikola is famous for rolling a truck down a hill to showcase its technology. That’s right: it rolled a truck down the hill, because it had no power at the time. But even after this staged event, the company still had a multi-billion-dollar valuation, because investors ignored common sense and loved the EV industry too much. Did we mention its former CEO was convicted of fraud in October?Of course, hindsight is always 20-20.