FAANG caviar vs. IPO Wendy's
Over the last 10-20 years, FAANG has created generational wealth. People who invested in AAPL & GOOG have gotten 3000% returns. 30x. $100k turns into $3mm. GOOG even more. 40x. AMZN even more. 100x. Retire early, plus your grandchildren don't have to work.
People tried to find the next Google, the next Apple over the last few years. Peloton, Zoom, EV stocks, Teledoc, Coinbase, Draftkings, Shopify, etc. Instead of generational wealth, they got losses. Pick up an extra shift at Wendy's and don't have kids.
What happened to the FAANG effect of creating generational wealth? Those chasing new FAANG got rocked. Backfired, it seems. FAANG taketh away thy dreams!
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