Unicorn Investments

These are highly speculative internet sites investors hope to make large profits from someday in the future, but aren't making a dime's worth of profits. As of January 2016 90% of the billion-dollar unicorn startups are in trouble according to 'Business Insider'.

I had a friend once invest over $2,000 with a company drilling for oil back in the 70's. His so-called financial advisor said it looked like a great investment in which he might see 100%-200% returns in the next year. Guess how that went. His financial advisor collected his commission incurring none of the risks. These "unicorn" internet start ups are a lot like that.

Currently the biggest broadcaster in the United States iHeart radio (formerly clear channel) is facing possible bankruptcy. YouTube nor Twitter didn't start turning a profit until last year either.

Without specifically naming names there are a number of owners of internet startups who walked away with 10's of million$ after issuing IPO's even though their internet companies never made a dime until this very day. Call it legalized fraud if you will.

Whom I feel sorry for are those have no direct control over their investments. People with 401k's and pension programs. Victims of those who control them having taken a portion of retirement funds and sometimes invested in such things.

Internet startups trading on wall street are not unlike the gold rush days. As they say there's a sucker born every minute. So too a fool and his money are soon parted. Anyone thinking they will become rich over night off of these might as well grab a pair of binoculars and go spotting for unicorns. About the only ones getting rich off of these are those who sell shares (IPO's) to the gullible.

Do it the old fashioned way. Investors should put their money away in a safe place like a FDIC insured account. They may not earn a lot on returns but sure as hell won't lose money either. There's no such thing as free money without having to work for it despite what these money brokers may say. That is... unless you're part of their insiders club.