SPAC'd Out

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5 • 811 Ratings

🗓️ 27 July 2023

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

They gave you the chance to get in on the ground floor of hot new businesses. Special purpose acquisition companies or SPACs were hot "investments" not too long ago. So, what happened? Then, on to questions from listeners: A military member looks for advice on TSP portfolio and wants advice on money in cash accounts. What's a good three fund strategy for TSP investments? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Exclusively on Disney Plus.
0:02.0	It's hard and it's brutal and that's what makes it special.
0:06.0	The multi-award winning series, FX's The Bear, is back for a brand new season.
0:11.0	Upon my signal, unleash hell.
0:15.0	And every second counts.
0:17.0	When that shows zero, this restaurant ceases operations.
0:21.8	FX is the bear.
0:23.1	New season now streaming exclusively on Disney Plus.
0:27.0	18 plus subscription required.
0:28.6	Teas and Cs apply.
0:34.9	Reality radio for a really great future.
0:38.0	We're talking real money.
0:40.7	They're so exciting.
0:42.6	I mean, they get your blood pumping.
0:45.3	They raise your spirits.
0:46.8	They excite you.
0:47.7	You're presented with incredible opportunities to make a lot of money and incredible new technologies that for some reason just couldn't go public on their own.
0:58.6	Richard Branson walks out in his spacesuit to the tarmac as Virgin Galactic launches spaceships into almost orbit.
1:10.3	And you, ladies and gentlemen, yes you, were given the opportunity back in 2018 to invest in a SPAC,
1:20.8	a special purpose acquisition company at $10 a share that went on in 2019 to buy Virgin Galactic.
1:33.2	And my gosh, your stock price soared in intraday trading to $59.43 in 2021, ladies and gentlemen, aren't you feeling good about your investment?
1:51.3	Well, as Paul Harvey used to say, and now the rest of the story, Tom, what do you think the
	...

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