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OpenAI Is Preparing to File for an IPO Soon

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Re: OpenAI Is Preparing to File for an IPO Soon

#161

How does a company even consider this while the CFO is privately saying the books / revenue accounting are not ready for public scrutiny? Edit: Or has so much somehow changed in two weeks that it’s no longer necessary to wait until next year?

Given the nature of private conversations, I suppose there is no source to this claim?

Re: OpenAI Is Preparing to File for an IPO Soon

#162

Earlier quoted context omitted.

It is very true what they said. In an ETF you get both bad stocks and good. You have no choice. If you diversify manually you can pick and choose only the crème de la creme But… people love to be lazy or just aren’t knowledgeable enough to pick their stocks themselves and thus it is safer for them to just stick to broad strokes of an index fund. For starters as basic portfolio, you could 1:1 an index fund but take ou…

If that were true, then one would expect a competitive fund that does just that and that give higher ROI than an S&P 500 index fund (or index ETF) when you consider expense ratio. What is a such a fund? Or, alternatively, can you point us to a comprehensive list of those companies you would exclude from the index to get superior returns?

My returns are around 20 percent per year for years. I lack will and energy to list everything I owned but it’s basically a method of value investing + momentum trading so two opposites. You could say it’s a diversification of investing philosophies.

Honestly it’s a free for all game so no one has any interest to share their secrets and methods. When you lose money I make money. Better player wins.

Re: OpenAI Is Preparing to File for an IPO Soon

#163

Earlier quoted context omitted.

This is terrible advice, are you buying and self balancing hundreds of different stocks?

I can’t say I’ve tried this but the thought just came to me that generating such trades would be trivial to do monthly now.

In some countries (like Switzerland) you don't have any capital gain tax __unless_ you are a professional investor. What makes you a professional investor? One of the things that can elevate you to that status is the amount of trades you make.

So I am sure this is not viable for many people as buying an ETF counts like 1 trade, but investing the same money in the underlying assets count like 10s of trades.

Re: OpenAI Is Preparing to File for an IPO Soon

#164

Earlier quoted context omitted.

I would retire. If you have two million euros lying around, that would be life-changing money for me. I'd put everything into VWCE and then live off interest. I think I'd spend a year in Japan just to see what it's like, then travel around a few other countries, and finally settle somewhere back in Europe - buy a small house in the middle of nowhere, renovate it, and then smoke weed and play video games until the end…

That's such a cynical take. If everyone does what you're describing, we will never make progress as a society.

You're not less cynical here

Re: OpenAI Is Preparing to File for an IPO Soon

#165
post #75

Earlier quoted context omitted.

These companies are burning enough cash that they will need to be public. We’re about to have 3 of the worlds’s largest corporations be massively in the red.

Don't worry - they'll make it up with volume!

Compound effect… compound red numbers? /s

Re: OpenAI Is Preparing to File for an IPO Soon

#166
post #97

How does a company even consider this while the CFO is privately saying the books / revenue accounting are not ready for public scrutiny? Edit: Or has so much somehow changed in two weeks that it’s no longer necessary to wait until next year?

Current administration might rig the rules to take the credit of AI boom. Even third world doesn't have this much shameless and corrupt regime as much as this one is.

[deleted]

Re: OpenAI Is Preparing to File for an IPO Soon

#167

Earlier quoted context omitted.

I would retire. If you have two million euros lying around, that would be life-changing money for me. I'd put everything into VWCE and then live off interest. I think I'd spend a year in Japan just to see what it's like, then travel around a few other countries, and finally settle somewhere back in Europe - buy a small house in the middle of nowhere, renovate it, and then smoke weed and play video games until the end…

That's such a cynical take. If everyone does what you're describing, we will never make progress as a society.

Sure. If everyone became software engineers then we'd have 8 billion IT staff and zero food production, which would lead to the extinction of human race by mass hunger.

I'm not sure what's exactly your point besides "if everyone does exactly the same thing, then society collapses".

Re: OpenAI Is Preparing to File for an IPO Soon

#168
post #75

How does a company even consider this while the CFO is privately saying the books / revenue accounting are not ready for public scrutiny? Edit: Or has so much somehow changed in two weeks that it’s no longer necessary to wait until next year?

These companies are burning enough cash that they will need to be public. We’re about to have 3 of the worlds’s largest corporations be massively in the red.

Anthropic said they’ll be profitable by q2 of this year.

https://www.ft.com/content/a67248e7-f819-4dba-b0f7-3847df0a7...

Re: OpenAI Is Preparing to File for an IPO Soon

#169

Earlier quoted context omitted.

It should still take a year until it's added to the indices, no? At least that's how I understood the SpaceX case: Elon wanted to rush it and get it done in 6 months. So there's still hope that the bubble pops before the funds are poisoned.

If they list on the Nasdaq, recent changes mean they can now be added after 15 days, instead of 12 months. https://www.etfstream.com/articles/spacex-to-ipo-on-nasdaq-a...

Ouch, I wasn't aware it got shortened so much! Yep, this is truly terrible.

Re: OpenAI Is Preparing to File for an IPO Soon

#170

Soon to be part of your portfolio if you hold Nasdaq 100 or S&P 500 trackers line QQQ or SPY.

ETFs are a trap. Put most of your money in single stocks. It is ok to diversify, you don't need an ETF for this.

I prefer the casino.
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