"I typically don't recommend that clients be involved with IPOs at all, and primarily because we're really very focused on broadly diversified portfolios and not chasing the big hit kind of deal stocks," said Diahann Lassus, president of Lassus Wherley in NewProvidence, N.J. She is a member of the CNBC Digital Financial Advisor Council.
Whether Twitter will do well in the secondary market is a tough call. "One can hope, but I don't know," she said. "You look at Facebook and you look at typical history on IPOs and the odds are reasonable that they could do well but they could also go the other direction too because we're seeing more and more companies that would really love to target their markets and we're seeing more and more firms that are getting into the social media space."
Barry Glassman, president and CIO of Glassman Wealth Services, said he rarely gets involved with IPOs and he's not recommending clients buy into Twitter. If clients were involved with an IPO, it would be a relatively small part of their portfolio. Glassman does like Twitter as a service, but he has problems with it as a stock. For one, he sees his older clients using Facebook more, and his college aged clients are not tweeting.
"We're talking about a company that doesn't have income.They have revenues but they don't have profits at this point," said Glassman, also a council member. He also cautioned that people who use Twitter and have high hopes for its financial success, will also be faced with more advertising on the Twitter feed because that is what it needs to do to become profitable.