Earlier this summer, we celebrated the 10-year anniversary of the iPhone.
That was a big deal, as that smartphone is one of the top-selling gadgets of all time. It revolutionized mobile computing and basically took the world by storm.
Everyone talked about it – and we’ll likely see a new anniversary-themed iPhone before the end of this year.
And I think this anniversary may be even more important – and there’s a moneymaking opportunity because of it.
You can make a lot of money in high-tech initial public offerings (IPOs).
And so have my members – plenty of times.
But you must follow Your Tech Wealth Blueprint’s second rule for grabbing massive tech profits – Separate the Signals From “The Noise” – and avoid Wall Street’s hype machine.
To see what I mean, let’s put the recent IPO from the photo-centric social network and messaging service Snap Inc. (Nasdaq: SNAP) under our microscope.
When Snap began trading March 2, it was the most hyped tech IPO of the past few years. Investors were told they were crazy if they didn’t get in on the action of a hot young firm with 161 million daily users and $405 million in 2016 sales.
You can bet that Morgan Stanley, the investment bank that underwrote the IPO, stood to bank millions in fees.
Fair enough. That’s how investment banks and IPOs work.
But four months after making all that money, the sharks at Morgan Stanley pulled the rug out from under Snap investors, costing them a combined $3 billion.
Snap shares are now down 45% from their IPO price.
But you can avoid all that – and still make a ton of money on IPOs.