After a volatile end to 2018, Wall Street was desperate for a positive start to 2019. Searching for a catalyst to drive the markets higher, the big banks turned to IPOs, or initial public offerings.
After all, a wave of popular, exciting companies entering the market all at once seemed like a great way to get investors buying again...
Before long, a slew of high-profile companies like Uber and Pinterest were slated to go public in the first half of the new year, and 2019 was dubbed "the year of the IPO."
But here's the thing about these IPOs...
They're not worth it.
2019 has shaken out to be a brutal year for companies going public. For example, Lyft (NASDAQ: LYFT) fell 12% the day after it went public and is now down 25% from its IPO price.
Private Briefing editor Bill Patalon shines a spotlight on IPOs in the most recent Lightning Round. You'll find out how to avoid risky IPOs and still get a share of the infant stock's returns. On top of that, Bill has two ETF recommendations for investors who want to get into IPOs at a fraction of the risk.
Get his recommendations below...
Don't Fall for the Big IPO Myth of 2019
These 3 Stocks Are the Key to 2019's Greatest Profits
The 2018 midterm election was a turning point for the cannabis industry.
We expect nothing short of historic profits by the end of the year.
But not all pot stocks will hand you life-changing wins. In fact, often the companies making headlines are least likely to see the biggest gains.
These three stocks, on the other hand, are flying under the radar... for now. Each of them could see exponential stock price acceleration at any moment, and if you get in before that happens, you could turn a token stake into a lifetime of wealth.
I don't know of any other sector providing anywhere near this level of growth now.
Follow Money Morning on Facebook and Twitter.
[mmpazkzone name="end-story-hostage" network="9794" site="307044" id="138536" type="4"]