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Lyft files with SEC for long awaited IPO

“We’ve been waiting for a long time and with great anticipation for Lyft to finally file for an IPO. And, boy, the ride-hailing giant did not disappoint. According to documents filed with the Securities and Exchange Commission, Lyft’s financial performance has surpassed our general expectations regarding growth and, perhaps more surprisingly, pathway to profitability. The […]

March 5, 2019/by admin

Stay Ahead Of The Curve By Investing In Next Generation Internet

Kevin Manzo, News

Do you remember life before the internet? Back when you had to look up businesses in the Yellow Pages and call your out-of-state relatives to know what was going on in their lives? It really wasn’t that long ago. So much has changed in such a short period of time. Think of how many companies […]

October 1, 2018/by Kevin Manzo

Lyft files with SEC for long awaited IPO

News

March 5, 2019/by admin

Stay Ahead Of The Curve By Investing In Next Generation Internet

Kevin Manzo, News

October 1, 2018/by Kevin Manzo

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Lyft files with SEC for long awaited IPO

News

“We’ve been waiting for a long time and with great anticipation for Lyft to finally file for an IPO. And, boy, the ride-hailing giant did not disappoint.

According to documents filed with the Securities and Exchange Commission, Lyft’s financial performance has surpassed our general expectations regarding growth and, perhaps more surprisingly, pathway to profitability.

The company said it generated $2.16 billion in revenue last year, which represents a compound annual growth rate (CAGR) of 151 percent since 2016. Moreover, Lyft has controlled costs better than we expected with a mild CAGR of 16 percent over the same period.” Says Alejandro Ortiz, a Research Analyst, Private Investment Research for SharesPost Research LLC. Prior to joining SharesPost, he was a Valuation Analyst at Duff & Phelps with a focus on TMT industries.

According to SharesPost “The universe of private companies has expanded because companies are choosing to stay private longer since they have access to growth capital that was not available in the past. The ability for individual investors to invest in private companies can be challenging. Lack of liquidity, high minimums, and lack of access to venture or private equity institutional investors are all hurdles that challenge individual investors.”

Axxcess began to follow SharesPost in the third quarter 2018 and they were a invited to be presenting sponsor at our annual Axxcess Advisor Conference in November, in Carlsbad California to introduce their strategy to the professionals working on the Axxcess Platform.

Individual investors interested in private companies to a closed end, continuously offered mutual fund which is available at most brokerage firms, called the SharesPost 100 Fund Class I (PIIVX). To read more about a fund that invests in private companies, and is invested in Lyft, please follow the link below. The link below contains information, including the funds prospectus, which details the funds risks and expenses. Risks of investing in non-public companies are significant, including the risk of losing the entirety of your principal, and are not suitable for everyone. Please reach out to your Advisor for more information on your particular situation of if you want to learn more. Past performance is not an indication of future returns.

For the link, click here.

March 5, 2019/by admin

Stay Ahead Of The Curve By Investing In Next Generation Internet

Kevin Manzo, News

Think of how many companies exist today that couldn’t have existed before the internet. Think of how many jobs the internet has created, how it has fueled the economy, and how much money investors have made by investing wisely in the emerging technology and various ways of doing business.

Though the internet may seem like last century’s news, it is still morphing and growing, allowing investors to get in on the ground floor for this century’s technological and business innovation.

Web x.0: Next Generation Internet

What does this century’s internet look like? Not AOL, that’s for sure!

Today we are seeing a change in infrastructure to cloud-based models and mobile technology. Gone are the days of desktop computers and installing expensive software. Today’s generation wants the freedom to both work and play wherever and whenever they like. The rising use of shared technology and internet-based products and services represents a shift that could prove very profitable to investors who recognize it.

We have moved from accessing the internet through our computers to using our cell phones and smartwatches. And we are not the only ones connecting to the internet. Our cars, appliances, even our thermostats now connect and exchange data electronically. This is called the Internet of Things, a network of physical devices embedded with electronics, software, sensors, actuators, and connectivity that integrate the physical world into our computer-based systems in order to make our lives easier. This is the internet of tomorrow.

We are living in the Information Age, and information is only getting more important. In fact, we have so much of it at our fingertips that it has led to the rise of big data, where advanced data analytics are used to extract value from the vast stores of data now available to us. Big data has turned internet marketing upside down and is also used to recognize business trends, fight crime, and even prevent disease. All of this information has also led to the rise of artificial intelligence, where our technology is continuously learning and improving, carrying us further into the future.

Investing In The Future

The future of the internet, data, and technology is very exciting. And you can become a part of it without being an IT specialist or a data analyst. As an investor, you can help fund today’s innovations to make tomorrow a better place.

At Axxcess Wealth Management, we have access to the ARK Web x.0 ETF. This is an electronically traded fund that focuses on the internet of the future, investing in companies that develop, produce, and enable:

Cloud computing
Cybersecurity
E-commerce
Big data
Artificial intelligence
Mobile technology
Internet of Things
Social platforms
Blockchain
P2P, or peer-to-peer computing

If you would like more information about investing in Web x.0 and how this ETF might fit into your portfolio, call us at 858.217.5347 today.

About Kevin

Kevin Manzo is a Financial Advisor with Axxcess Wealth Management. Kevin’s services are especially valuable to business owners, high-income and high net-worth professionals and their families. After 12 successful years as a portfolio manager and advisor, Kevin has the knowledge and experience to help clients protect what they’ve worked for, enjoy a comfortable retirement, and leave the legacy they choose for their heirs. Along with his Bachelor’s of Business Administration degree in Finance from Chapman University, he also holds the Accredited Investment Fiduciary® credential, signifying his commitment to upholding a high level of fiduciary care for his clients. Based in Fullerton, California, he serves families and business owners throughout North Orange County and Los Angeles. Learn more by connecting with Kevin on LinkedIn.

October 1, 2018/by Kevin Manzo

Important Information

Advisory services provided by Axxcess Wealth Management, LLC (AWM), an Investment Adviser registered with the SEC. Advisory services are only offered to clients or prospective clients where Axxcess Wealth Management, LLC and its Investment Advisor Representatives are properly licensed or exempt from registration. Securities are offered by Arete Wealth Management, LLC member FINRA, SIPC, NFA.

Axxcess offers advisory services independent of Arete. Neither firm is affiliated.

For complete disclosures please visit:

Half Sized Blog Element (Single Author Style)

Half Sized Blog Element (Multi Author Style)

Lyft files with SEC for long awaited IPO

Stay Ahead Of The Curve By Investing In Next Generation Internet

Lyft files with SEC for long awaited IPO

Stay Ahead Of The Curve By Investing In Next Generation Internet

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Lyft files with SEC for long awaited IPO

Stay Ahead Of The Curve By Investing In Next Generation Internet

Web x.0: Next Generation Internet

Investing In The Future

About Kevin

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