LYFT

Lyft Inc Cl A

Wall Street

How to Achieve Financial Freedom Without Wall Street

I've got to be blunt. Your financial success depends on it.

Wall Street is feeding you a narrative that's fatally, dangerously flawed when it comes to financial planning.

They make the assumption that you're going to live this way or that and, in doing so, produce a whole bunch of fancy charts, full of calculations intended to show you how much you need to save to meet their projections.

The hope is, of course, that you'll become a valued, or should I say valuable, client – meaning you're going to generate tons of commissions to line their pockets for having prepared a deep look into your financial affairs.

The reality is very different.

Those same fancy-pants charts – which, by the way, can cost you a "planning fee" ranging from $100 to several thousand dollars – usually have the opposite impact: People realize they're so far from meeting their "goals" that they give up without even trying.

I've never liked that, but then again, I've never played by the rules, either.

That's why I'm so excited to tell you this...

IPOs

Millions of Investors Get Suckered by Hot IPOs - Here's What to Do Instead

Almost nothing generates a bigger financial media splash than a red-hot initial public offering (IPO). It's like the Oscars, Christmas, and the Fourth of July rolled into one.

And (with the exception of a few cannabis IPOs) that can be a bit of a problem for regular investors, who might naturally get excited by the hype.

An IPO like Lyft is like a big, fancy dinner, where huge players – like Carl Icahn, say, or Ray Dalio – and the underwriters are all sitting at the table chowing down on gourmet food. They get first dibs, and the best prices.

In fact, just yesterday, The Wall Street Journal reported Carl Icahn sold his 2.7% Lyft stake to George Soros ahead of the public offering.

Under that table, scrounging for scraps that might fall, are… regular investors like you and me.

It's often nearly impossible to buy shares, and if you do manage to get an order filled, you'll almost certainly have paid way too much.

Yep – our "competition" in the IPO game is folks trading $550 million positions like they're trading baseball cards.

I'm going to show you what else is happening with these big IPOs - and I'll name a much better way for investors and traders like us to cash in...

IPOs

Lyft Flies Too Close to the Sun: What Do You Think Happened?

Listen, I'm not the kind of guy to say, "I told you so," but if I was, I'd sure be saying it now.

That's because I told you a few weeks ago that the former unicorn known as Lyft Inc. (Nasdaq:LYFT) would crash and burn on its IPO.

And that's exactly what it did.

Only, it's worse than the press is making it out to be.

Here's how Lyft, a distant cousin of Icarus, flew too close to the sun…

Here's how Lyft, a distant cousin of Icarus, flew too close to the sun...