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.
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.