Robinhood, the fee-less trading platform, has hired a new CFO and is preparing for the IPO. The company right now is valued at $5.6 billion up from $1.3 billion in 2017. This looks to be a blockbuster IPO and will raise a lot of money. However, Robin is loosing money as a company and will probably continue to do so for several years as evidenced by their own statements. The are taking losses in order to expand market share.
My take on these companies is wait for your money to double, sell half, and keep the other half for potential, much like my take on cryptocurrencies that have massive potential but also large risk. You might look at the example of Amazon and not agree but for every Amazon, there are 100 other companies that don’t make it and go under, so you have to be careful. I’ve learned that the hard way with some of my former investments and having some caution is certainly better than throwing caution completely to the wind.
Tag: shares
Kucoin Shares — Is it a good investment
Kucoin Shares(KCS) is a token that is directly linked to Kucoin, a large cryptocurrency exchange and its price is based on the volume of the Kucoin exchange. It is sort of like Binance Coin(BNB) but it has one advantage over the BNB coin. It yields what looks like to be around a 20% dividend based on the number of shares you have. Kucoin shares 50% of its trading fees with KCS holders so the larger the volume or trades on Kucoin is, the larger your dividend is going to be. I expect as the crypto market rebounds, volumes on Kucoin are going way up so the actual price of these shares will increase dramatically but so will the dividends gained from shareholders which will make these coins very very lucrative. Also, with Kucoin’s aggressive marketing plan, I do feel like they have a good chance to be a top 20-25 exchange in the future, which makes this even more lucrative of a coin. While I would not put all my eggs in one basket, based on the fact that I think Kucoin has a bright future and that the dividends are going to draw a lot of people towards this coin, it looks to be a solid buy.
Cryptocurrency Vlog 