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Published May 18, 2012, 10:18 PM

Buying In? Facebook stock goes public

Fargo, ND (WDAY TV) - Sixteen billion-dollars later and Facebook is officially trading on NASDAQ. The market value is now about $105 billion. The social marketing mammoth is ready to make billions more, but are people in the Red River Valley buying in?

Sixteen billion-dollars later and Facebook is officially trading on NASDAQ. The market value is now about $105 billion. The social marketing mammoth is ready to make billions more, but are people in the Red River Valley buying in?

Facebook already has more than 900 million friends. Well, now you can add one more - Wall Street. The company valued at $104 billion made its debut on the stock market today. But is it a safe bet? Or too risky this early on?

Ryan Berg – CFP Ranstrom Financial Planning: “The wealthiest clients I've ever dealt with early on own one stock like a Facebook, but the worst stories I can tell you are the people who own that one stock and it comes cratering down and costs them a lot of wealth loss.”

In his trademark hoody, Facebook CEO and founder Mark Zuckerberg rang the opening bell this morning. In the eyes of investors, it's now simply FB.

Ryan Berg: “He needs a lot more money to make a bigger and better Facebook.”

Ryan Berg advises for Ranstrom Financial here in Fargo. He has two clients already buying into Facebook, but says if you want to invest, make sure no-more than 10% of your portfolio is in one company.

Ryan Berg: “Hopefully all these people buying today make a killing like when they bought Google, but for every Google there's another IPO like Groupon or Pandora.”

Two prime examples why Berg says it's never a safe bet to click all your likes on one brand new stock, but only time will tell how many investors friend request Facebook's newest financial endeavor.

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