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-- -- -- -- -- -- -- And Wall -- looking at -- -- area is.
I wanna bring in plays Ed -- -- -- from China would investments keep your eyes on mr.
Zuckerberg and his fellow new billionaires and millionaires.
-- -- Manage the money all of the wealthy.
I'll whip told that these new youngsters that the new wealthy people out that -- behind their ferraris rolls Royces and Bentley is.
Now you wouldn't begrudge him.
A little bit of you know exotic.
Automobile buying would you.
No not at all I mean look everybody needs to -- -- figure out what their cost the living what they need have.
But these people have so much money generally speaking we're talking about the ones that are you know below you know mark but still have tremendous wealth.
-- -- have some fun you know gold go help the economy make -- out so the place to be but at the same time Stewart goes back to the same principles.
Is a great way to get rich and that's why they're having that party right now but concentrations a horrible way to manage your money so I would advise everyone to have a selling program.
And then realize that money and and diversify the risk -- you never know what's gonna happen -- view on such a killed joy.
-- I -- it but if you just joining us everybody I've heard that before about auditioning.
If you're just joining us that is Mark Zuckerberg right and imaginative picture it's a live shot is right that outside the FaceBook headquarters it -- the NASDAQ ballot -- he's a man in the equity they're all taking pictures or why not.
This is the man who is now -- nineteen point one billion dollars right give me some financial advice from man who's now -- nineteen billion.
He's going to be selling out to shed as -- -- -- he's gotten wealth the life obviously.
Well he does but at the same time you know the -- the investment advice would be the theme for anybody.
-- he's going to probably -- has we talked about before have a selling program in place but -- -- that the for the very different situation we have that much money it's not about your lifestyle about being relevant and how you can help and change the world with that money if you choose to.
But I Stuart I think a lot of companies through the IPO process and I've seen.
Many people on paper with billions and billions of dollars they never put a -- program in place and anything can happen so when I think without -- -- you know kind of rule in the -- but the same time I want people to be Smart with their money and start selling -- diversifying their risk OK now Mark Zuckerberg is just exited the stage -- There are still plenty of people out that jamming of bit of a celebration but -- gonna we're gonna talk about a small later -- but real fast.
You don't -- -- -- very light FaceBook is a long term investment do you.
As of right now I don't like anything that's over price and at the price it's coming it's about forty to 50%.
That doesn't mean it can't become 70% overvalued the number I'm hearing now from friends of mine in the street and within the industry is we're gonna see an opening somewhere around 47 dollars a share that's what I'm hearing as of about a minute ago okay.
A case that look at thank you very much indeed -- Stick around because we want expert advice on where this thing is going and how it's evolving thanks very much -- will we will be back to very shortly.
I want to chime in real fast for the price of gold this morning we all well aware with a price ago we went straight up yesterday.
I mean fifteen dollars high are right now getting back almost a 16100.
Dollars an -- any comment on the Ponte situation -- -- got -- and hope that.
That's theft offense I'm not.
You know is gonna last get out -- think he's still on camera or on my but I was gonna ask him.
He's -- a lot of rich clients how many of them asked if they can get in to FaceBook -- the on the on day one of trading at -- in any of -- -- people in FaceBook that they wanna make any.
I'm I've had some phone calls from people who just want to see if there's any way of getting shares mean the most most people are getting on the retail side or 500 shares Stewart the -- -- I've had some calls and but the I have I've definitely had some interest.
And down you know when my business -- sister in law calls and wants shares that scares me and theft theft.
I think -- three groups of people.
Nothing is the professionals who an -- to get a keen on this investment.
I think there are traders who going to be in and out and couldn't get less where there is good -- bad and then there's everybody else man on the street who I think love it and by the way he's back -- -- -- Ed.
That young Zuckerberg is back is everybody's taking pictures with him well why -- And -- ago now.
I think it's scary though that the average person wants it.
And I think they actually have the opportunity of more than 500 shares nastier but but even still if you go back to -- Peter Lynch -- investing I would -- know well what do I know I know.
A minimum heavy user but if I work I use FaceBook I Wear Nike and I by Procter & Gamble products and so that's maybe what I would want microphone yet.
On Ed you can't tell me that you can't figure out somehow are about to make money when you've got 900 million people using your product you can't tell me that there's no money then F -- -- there's a tremendous amount of money there there's lots of ways of making money and -- that becomes realized this stock to go much much much higher but you can only go based on the facts that you know owned as of right now now at the same time I also want to point out that at Morgan Stanley.
You know those brokers who -- you giving -- the shares to their clients.
They think they have they can't say it by law all they can't tell those I think can't sell but they are encouraged to keep their clients in that stock.
So you're gonna you're gonna see less selling then you then you might think -- the initial offering -- but as Tracy is that you know perfectly earlier on.
Over the next 234 days that story might change a little bit you might build a -- -- have edged.
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