‘Time will tell whether that was a good bet’: My adviser got me a full SpaceX IPO allocation. Was I lucky?
This MarketWatch Moneyist column is largely advice-oriented and discusses whether hiring a financial adviser is worthwhile, using a recent SpaceX offering as an example. The writer argues that even capable investors may benefit from outside expertise, access to opportunities, and coordination across tax, estate, and portfolio planning. The article notes that SpaceX shares were heavily oversubscribed and that many investors received only a small fraction of requested allocations, while the author says their adviser secured a full allocation. The commentary also highlights that investing in speculative offerings can be risky and that good outcomes do not guarantee future success. Overall, the piece frames financial advice as a delegation and specialization decision rather than a simple cost-benefit comparison, with the SpaceX allocation serving as an anecdote rather than a market-moving event.