Michael Brooks

@michaelbrooks_81393

Is Now A Good Time To Invest In Upwork (UPWK) Stocks?

Photo by Rick Tap on Unsplash

This is a legit question to ask for both investors and freelancers.

When you examine Upwork’s NASDAQ performance, you see something that’s called the “stock market roller coaster.” If it’s any comfort to you this is a “natural” Wall Street phenomenon. The stock prices go up and down all the time. They fluctuate by default.

NASDAQ: UPWK

Now, the trouble is if these fluctuations get carried away. So, you eventually have huge differences between high and low price values. If you are an investor who either already owns the Upwork shares or plans to buy them at some point, these ups and downs can be bad for your health. Unfortunately, there’s not much you can do about it or is it?

Upwork isn’t the first freelance platform that went public. Freelancer dot com has been on this stock market roller coaster ride for a couple of years already. There are some rumors that Fiverr also plans to file for IPO too.

So, long story short, if you want to know more about Upwork’s NASDAQ future, you should have a look at Freelancer’s ASX past.

Bloomberg FLN:AU

The Freelancer’s stock prices have been trying to recover since 2016 with little or no success at all.

That’s the problem with the many tech companies that have unicorn dreams. At the beginning of a company’s public journey, you just can’t help yourself falling for the hype. So, you buy the shares impulsively with a shady promise of the future profit. Pretty soon, you become aware that the things have been blown out of any reasonable proportion. The real market price “stabilizes” up to one year after a company has made its public debut.

The early investment birds are the ones to suffer and lose the most.

My word of advice would be to wait a bit longer. You should wait for at least six months before you make your investment move.

It’s quite obvious that these fluctuations in the stock prices mean a lot of money. It’s definitely not the same if you buy Upwork stocks today or a week from now. You don’t have to be a Wall Street guru to come up with this conclusion yourself.

My personal opinion is that the freelance platforms aren’t properly “equipped” for these roller coaster rides.

That’s one of the main reasons my relatively new freelance platform goLance will never go public, at least as long as I’m its owner.

So, hold your investment horses for a few more months. Otherwise, I’m afraid you may regret it.

Follow me on LinkedIn and Quora to learn more about the ways freelancers and entrepreneurs can help and learn from each other.

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