(12-07-2020, 10:29 PM)vbin Wrote:Unfortunately I can't. I am talking ancient history. I have relatives that paid fees to have their money managed for decades and they got cheap shares now and then. Krispy Creme comes to mind. Cuz made a fortune and knew about as much about the market as a current Robinhooder with a month's experience.(12-07-2020, 09:41 PM)fenders53 Wrote:How much would be that substantial amount? Which brokerages? Can you share.more.specifics please ?(12-07-2020, 05:48 PM)vbin Wrote: Started a small position in LUMN.Open a full service brokerage account and keep a substantial amount of assets in said account. They don't seem too interested in giving a deal to penny pinching DIY investors. I wonder why that is?
Traded PLTR with a new position between last weeks drop and today's run up and took out my investment from last week(still keeping my initial position). Same, getting ready for AIRBNB. not buying if they IPO at even more crazy valuation compared to SNOW. I am guessing the stock will open way higher than $62 though. is there a any way I can get a pre-ipo deal or ipo price, lol.
Whatever major brokerage house launched the IPO received a large allotment of shares as part of the process. It was the very large Wall Street firms of the day who dispersed them to the local brokerages who could reward their customers that paid a lot of fees over the years. I don't know how they do it today, but if all you had to do was throw $10K in a new account to get true IPO price everyone would be doing it. I'm sure somebody on this board knows how it works today.