Investing 102

[XLexusTech]

Originally Posted by GregWeld

Here's an interesting take on Facebook (FB) === and is the reason I originally stated that I would NOT buy the shares. I did buy some on the IPO @ 38 - but promptly sold them for a loss once it was clear the IPO was an epic fail...

I've always said this kind of stuff is nothing but a fad. I can't own fads because I can't understand them nor can I predict their future/failure. Failure doesn't mean ZERO -- it just means that longer term they're irrelevant based on what everyone THOUGHT they'd be.


http://www.latimes.com/business/la-f...,5676320.story

I am still faithful it will pan out. I have 150 shares @ 38. Long on FB. would be happy to make a few bucks and at least feel like i learned something.

One other basic investing strategy is to look for tax advantages. Do you have any thoughts on how to leverage tax exempt investments? I look for tax free Munis but that all i know about.