Benjamin Felix

Maybe Mark McGrath can do that in his son's, whatever that is, RESP.

Triple leveraged in his RESP.

I'll send him a message.

He's got a new idea.

More realistically, and we'll talk about dimensional in a second, dimensional just excludes those types of stocks.

It's even more nuanced than that because not all IPOs are necessarily bad.

Let me keep going in the flow that I have this written down.

So those are IPOs.

They kind of suck as investments in a secondary market.

They're great if you're a holder of the private company shares.

They're great initially.

problem for employees of companies is they tend to have lockup periods.

If you have to wait, whatever, a long period of time, you don't usually get to participate in that pop.

But if you held the shares and for whatever reason, don't have a lockup, the IPO is kind of great.

But if you're buying in the secondary market, not as great.

low float IPOs.

So we talked earlier about what float means.

SpaceX is probably going to go public with a low public float and some of the other companies may also do something similar.

If we look at low float IPOs in particular, the data look particularly bad.

So just to reiterate from earlier, a low float IPO means that only a small portion of the company shares are available for public trading.