I'm not a financial advisor, and I own 8 stocks.
I was lucky enough to get in pre-market, and got to ride 300% gains, but I'm not selling.
I have a feeling this is going to replace Facebook and Twitter. So it could be safe to assume this gets to Facebook price level, we can easily see $250 per stock.
This is a SPAC, and traditionally, they spike and fall flat when the company goes public, but this is something different. This has Trump behind it.
If the "conspiracy theories" are true, this has YUGE potential.
I recommend you open a Roth IRA with fidelity if you to invest. Roth IRAs are amazing, there is a reason there is a limit to what you can invest each year.
I think fidelity is having a promo right now, if you deposit $100 they give you 50 or something like that. I don't want to shill for fidelity, but hey, get free money while you can. Or is that the trap cause all stocks are going to hurt bad, and very soon.
Its not about the per stock price but the market value of the company. Facebook has a market cap of almost $1T. Yes, the stock is going for $340, but there are 3B shares. This has only around 55M after the merger happens. If this were to take all of Facebooks business (and it had the same business model and clients) it would be worth $17,500/share.
Now, that's a little misleading because Facebook isn't in the social media business, but in the selling your life to the highest bidder business. Presumably this will be a more normal business that makes money off of advertisements, user fees(?) or whatever and not the stealing and selling of your soul.
It will likely make a fair bit less money than FB and Twitter even if it steals all the same customers (eventually). It will still probably be pretty good though, and far above what its currently selling at.
market cap is now at about 1.5b. Imagine this hits 10B mkt cap just 1% of FB value. Completely doable and I think that's a low estimate. Look at GME that's worth 13B now and will have nowhere the amount of appeal as this does. Future is looking very good for this.
At the rate its going, it might hit 10B before the first post is made.
100% agree lol. This is Trumps gift to all his supporters. Amazing. We all knew he was releasing this, but for him to announce it like this where we can support and profit from. Just wow, I did not see that coming.
It is up $7.00 in the after market
Make that $11.46 now, lol!
up $21 now
juggernaut.
Wait, so is it always gonna stay a SPAC if its before the launch, or will it become a normal stock? Idk how this shit works I'm literally 18 lol.
DWAC is the SPAC, when the merge happens, it will go under a new ticker automatically, your account will look the same just with a new ticker symbol, at least that's what happened when I was in the SPAC BFT, became PSFE then tanked, however, this is something special.
how confident are that it wont tank, like the other SPAC's, why do spacs usually tank after then?
Honestly, I started getting into investing in Feb.
Everything I've learned is just because I watched a lot of youtube videos.
My guess they tank because it's big investors taking advantage of FOMO and speculation.
I'm gonna give you some good advice from what I've learned.
All investors will tell you this: it's not timing the market, it's time in the market. (This is the warren buffet strategy of buy and hold).
Sure that is a safe way to earn money, otherwise your gambling. But technically if you're lucky, and you can time the market you can make A LOT but that is risky.
From what I've learned this is my investment strategy:
Dividend stocks. Some stocks will pay you money for holding their stock.
Google top 100 dividend stocks of 2016, 2017, 2018 etc.
From there, write down all the names you recognize, ones that you think won't fail.
For example McDonald's, Walmart, catipillar are institutions and would be good div stocks to hold.
You buy and hold, and reinvest the dividends.
Over time the stock will go up, on top of the reinvested dividends.
My plan is to do this inside a Roth IRA and pass it down to my child, and teach them to gather div stocks to keep passing down to create a dividend empire, constantly reinvesting.
Since your young this would be good for you.
Now the only problem with this, is the stock market itself. It's so corrupt, depending on the outcome of the GME saga I might give up on it.
If that's the case either buy land (especially with water), guns and ammo.
Otherwise, I'm thinking about mining crypto. A mining rig will pay for itself in a years time, with the chance of solving a block and getting a Bitcoin.
I sent it to my husband this morning requesting $150 in shares. He didn't get to it until it was at $46 per share. He put the request in but it hasn't gone through yet. Will probably go through in the morning. I am trying not to be angry with him for not getting on it when I sent it to him this morning.
I could have had about 15 shares had he been on it earlier. Now I will be lucky to get 3.
i woulda gotten it.
what a putz.
Truth social launches in feb 2022 if I read that correctly. The libs are betting against it, causing the stock to rise even more.
This is definitely one to follow closely and we will all see what happens at day open tomorrow morning.
I got some of two of them.
I have no real idea what I'm doing, but I'm holding and also think it'll go nowhere but up.
I do wish I got in more this morning. I only got $100 total, so it's more than nothing I suppose.
I have about 30-ish shares... a modest, small acquisition. First foray into market and wasn't prepared to gamble with all my savings like some crazy apes out there. Maybe I'll regret... maybe not... but something is better than nothing :)
Note that you can't take cash out of a Roth IRA without penalty until you are at retirement age, and you can't direct register those shares (as far as I know).
You can take out what you put in penalty free. Otherwise you have to wait 5 years, or be at retirement age to not get penalized on growth.
Tax free growth is still worth it.
On top of that, you can use like 10k or something like that to purchase a house.