If someone wants to hold for a few years and "not touch it" the best way would be to get the physical share certificates.
https://www.sec.gov/reportspubs/investor-publications/investorpubsholdsechtm.html
Also, this stock is VERY risky at this point. Zero revenues. People should be aware that this stock is NOT a business, yet. Maybe it will become one, maybe it won't.
https://finance.yahoo.com/quote/DWAC/financials?p=DWAC
It is a SPAC (Special Purpose Acquisition Company) with NO functioning business. It MIGHT become a business related to Trump's social media platform.
MIGHT.
We do NOT know (yet) if the hype will become reality.
Why not wait until that actually happens? If it does, there will be plenty of time to jump on board. And if it never does, well you can guess what these shares will become worth.
Currently, their last quarter showed $160,000 in expenses. If that rate continues, that would be $640,000 per year. Not enough to run a real public company, but plenty for a nice CEO salary, a small rented office, an assistant, and some money for marketing (to see if they can make something happen). Nothing else.
Caveat Emptor.
To each their own.
If someone wants to hold for a few years and "not touch it" the best way would be to get the physical share certificates.
https://www.sec.gov/reportspubs/investor-publications/investorpubsholdsechtm.html
Also, this stock is VERY risky at this point. Zero revenues. People should be aware that this stock is NOT a business, yet. Maybe it will become one, maybe it won't.
https://finance.yahoo.com/quote/DWAC/financials?p=DWAC
It is a SPAC (Special Purpose Acquisition Company) with NO functioning business. It MIGHT become a business related to Trump's social media platform.
MIGHT.
We do NOT know (yet) if the hype will become reality.
Why not wait until that actually happens? If it does, there will be plenty of time to jump on board. And if it never does, well you can guess what these shares will become worth.
Currently, their last quarter showed $160,000 in expenses. If that rate continues, that would be $640,000 per year. Not enough to run a large business, but plenty for a nice CEO salary, a small rented office, an assistant, and some money for marketing. Nothing else.
Caveat Emptor.
To each their own.