Alex McCord: The seduction of stocks

What's your stock strategy?

I don’t own any tech stocks anymore, ever since an unfortunate incident on my honeymoon where I forgot about a Lycos option and it expired. 

Once I quit day trading, blue chips and utilities became my parking spots. 

Sometimes I wonder, particularly when reading about Google’s bid for Motorola, whether I’m missing out. And start fantasizing about what it would have been like to be in on the IPO for Google.  Yes, the Motorola announcement actually sent Google’s price down a few percentage points, but the fact that they are in a position to even consider such a bid illustrates their tremendous growth over the last decade. 

As I imagine stock splits, dividends and a much larger nest egg, I suddenly remember; there was no way to get close to that stock offering unless you were a member of the in crowd.  So again, like tax loopholes and lending rates, it boils down to fairness. Is it really fair to call it a public offering if the public can’t touch it?
IPOs sometimes collect huge first day gains; sometimes not.  It’s a horse race.  But even before that, there are pre-IPO investment opportunities that are open to financial firms and the uber-wealthy only. 

By the time we the public can get our hands on the stock, it has flown away like the perfect apartment at the perfect price advertised on a realtor’s website. 

So maybe, it’s back to square one and all the things our parents taught us.  Pick safe stocks and ride, ride, ride the market through good and bad, passing them on to your children as if that investment money never existed for you.  Leave the IPOs for the venture capital cowboys.  


Mayor reveals new tech hub Digital.NYC

Mayor Bill de Blasio revealed Digital.NYC on Wednesday, a new online platform aimed at connecting all things tech in New York City. The public-private partnership…


Falling debris hits two men in Times Square

Two men were taken to the hospital Wednesday morning after being hit by falling debris from 110 feet above Times Square. Nancy Greco from the…


Queens Assemblyman William Scarborough accused of misusing campaign…

Queens Assemblyman William Scarborough has been indicted on state and federal charges for allegedly withdrawing campaign funds as cash for personal use. Scarborough, a Democrat…


U.S. Secret Service director Pierson resigns under fire

U.S. Secret Service Director Julia Pierson resigned under fire on Wednesday after a series of security lapses came to light.


TV watch list, Wednesday, Oct. 1: 'Criminal Minds,'…

The "Criminal Minds" team adds some supernatural assistance, as the "Ghost Whisperer" herself, Jennifer Love Hewitt, joins the show. She's playing an FBI agent, but you never know when someone…


See the most popular Pandora station in your…

Who knew Bachata music was so popular?

The Word

The Word: Twilight just won't die

You thought our "Twilight" days were behind us, didn't you? Well think again. Series creator Stephenie Meyer (who would rather you not ask about "Twilight"…

Going Out

Which NYC restaurant lost its three-star Michelin rating?

A record 73 restaurants in New York City collected coveted Michelin stars on Tuesday as a mix of trendy spots and fine-dining stalwarts underscored the…


Rex Ryan fields more questions about Geno Smith,…

The idea Geno Smith will be replaced by backup Michael Vick appears to be all smoke, as the Jets are intent to ride with their second-round draft pick.


Will Beatty playing like franchise left tackle again…

Left tackle Will Beatty, who is the elder-statesman of Giants’ line, has turned around his season and become a consistent force on Manning’s blindside.


John Conner back with Jets for second stint

He'll be back. It's "Terminator 2" for the Jets, who brought back John Conner to the team on Tuesday after placing fullback Tommy Bohanon on…


Fantasy football: Ben Tate to break out, Larry…

Fantasy football: Ben Tate to break out, Larry Donnell will stay solid


Creating a support system for minority women in…

When Kathryn Finney founded digitalundivided — an organization devoted to engaging minority communities with the tech world — she didn’t know quite what to expect.…


We can learn a lot from animals about…

There’s a lot we can learn about love from the birds and the bees — and the chickens, monkeys and squirrels that we share the…


Saint Laurent

Our review of the Saint Laurent Spring '15 show at Paris Fashion Week.


Céline: Paris Fashion Week Spring 2015

Our review of the Celine Spring '15 show during Paris Fashion Week.