I think the biggest hedge is knowledge. Knowledge is hard to tax as well.
Stonks side I like $DWAC, but I also have some $GME $AMC- Probably best to DRS anything you have at this point however.
Whiskey and tobacco also tend to work well as currency throughout history. You can try gold or silver, but an ounce of gold could probably fill a room with rice or beans lol.
Can’t hurt; I have more DWAC than GME though.
It might be oversold for the moment; or could have been overbought before; regardless you are having a conversation on social media that is not Facebook for a reason; and whatever that reason it is not a catalyst for FB.
Personally I only have FB still so that I can route my friends there to my Truth Social account once it goes live. Fuck FB.
For a SPAC this is unheard of. Then again the PIPE deal was uniquely good. For an IPO this would be amazing, but all the FUD against this vs a normal IPO this is a much better deal for us. The valuation to enter something like FB was much much worse; as there were so many additional shares. TWTR same thing. The SPAC actually affords less dilution than a traditional IPO would have done.
Robinhood is garbage.
Vanguard better. They are more conservative and therefore safer with their own investments.
Ya, send it. Roth IRA is god mode.
Really? This is amateur hour. We haven't even started. 10k is recruit difficulty.
Yes you can DRS warrants; no you will not see or have access on fidelity.
It would take a couple of days potentially to transfer back to a brokerage; but you could also just have the transfer agent sell them at market presumably immediately, it would then take a few days for them to remit payment~ and I have not done this bit.
You can actually DWAC your DWAC; I think this is intentional; but maybe that makes me a conspiracist!
Process as follows; you call fidelity tell them you want to DRS (or DWAC) X number of Shares of your DWAC or DWACW to "Continental Stock and Transfer" - you tell them you do not have an account and you want to transfer using social security number. They send it tied to your social, a few days go by you call Continental and tell them you have a transfer incoming by your social, they look it up, and give you a temporary code and PW, you log in, change the crap and off you go.
Nice people but shitty website. Better safe than sorry I think.
I think the warrants are easier to manipulate as there is less buy pressure. The warrants are whatever atm since you can't rent them out for anything, and can't redeem them for over a year. There is a lot of manipulation going on, warrants aren't a bad deal if you're going to sit long, but I wouldn't swap A to W or U. I also would rather buy A,W separately than a U. Also warrants have tax issues for many people.
I think this is just an attempt to take heat off the meme stocks. I do not think it will work.
I’m a DWACer but I bought a handful of AMC 2 days ago after binge watching AA interviews.
If you’re not sure if you want to buy any AMC I would suggest doing same. I’m bigly in DWAC; but it is perfectly reasonable to pick up a few shares of AMC to support a part of American history and legacy. Not to mention we have many frens who are fighting the good fight there.
My .02. I only bought 10 shares, but if it goes down more I’m fine with buying more in larger and larger tranches. I also picked up 2 shares of GME. I don’t care about the money, I want free speech and free markets. Without those things money is useless to me.
Never listen to the people on the TV; they are paid to tell you things.
I'd listen to my mom over some hack on 'MadMoney'.
The above is correct. One other point is that if you do not exercise, then the merged company calls them (they can do this if the stock holds 18 for 30 days once valid) and they call them cashless, you could get bought out rather than granted. It is possible they will not call them, but I suspect they will. There should be a slight dip when called, that will be the time to use them, as the gains (price - cost - strike) will be a taxable event of ordinary income. Cashless will lower the ratio, for ex: if stock is 22.50, and they did cashless each warrant would be .5 Cl A. Now on a higher price it makes less and less sense to do cashless as you cut down less shares, but if you don’t need the money it’s a strong move to do cashless.
Yup, we'll see what happens Monday, but I'm not selling no matter what. I actually keep buying, my balance is looking worse, but without free speech, USD are worthless anyway. I can also see the share price distribution, and people are not selling. Currently 10% SI. No real moass potential, only buy if you're willing to stick around. Also.. the beta is supposed to drop this month, and with only around 5 trading days left, I'd rather be in and down than up and out.
Correct; Price - (Purchase + Strike) is taxable as ordinary income.
Keep in mind they can also be called due, in which case you have 30 days to execute them. But otherwise correct. If you miss this notification, the warrant becomes worthless (.01) so if you have them make sure you keep an eye on them. Your broker should notify you, but I'm sure we'll have a group on Truth Social that we can keep tabs on such things in.
It should be possible to sell them as well, but there might be a lockout on selling them around the time of the ticker change.
They cannot be used to cover shorts until after they are exercised, but they are currently undervalued, correct; but long cap gains is 15%, and income tax depending on where you live and how much you make per anum can be over 50%; so they could end up a wash and they have restrictions. Up to you dawg, just saying it makes more sense in some spots and less in some, there IS a reason why they are cheaper after all- it's not like some really rich people don't know this stuff.
"perpetually bad R&D"; "shit leadership" we get it you don't like it; but you are just wrong here on both accounts. You should do a little introspection because you do not live in the world in which you imagine.
It's pretty simple; scarcity. No one is selling their shares; bears short it, get fucked, cover, and since you can't buy a share, it goes up dramatically.
As for WHY they hold; they have been taught repeatedly that selling loses money and holding makes money.
The reason THAT is true is several reasons; they can steal the market share of taxi companies if they succeed FSDriving; AND have you ever seen SpaceX rockets land? Elon Musk's Tesla and it's related companies are the most real world innovative companies to work at and to witness thus far in the history of this world.
It creates a cult. Look at DWAC's share distro; now look at Tesla's. I'm up in both. I don't always join cults, but when they have stock tickers and I can get in early I do.
They still censor it; at over 1.5bn cap. Reddit is controlled, it’s just really hard to fully stamp out thought crime if the people in your own group start waking up.
I think that’s exactly what’s been happening. There are several interviews where comments are made about this being years in the making. Also the host was announced already; they are expecting 70m users; but they will have time to adjust if some crazy number sign up on the App Store.
Anyone who thinks Trump just decided to do this last week lacks awareness of the world.
Totally agree, and I think this is the best opportunity to change that; it might not be what is promised hell it might not work, but if I can’t even post a fact on the internet never mind an opinion, what am I going to do with money? They’ll just “pass a tax” and take it anyway if we can’t communicate.
I think an initial spike of something crazy will show up, then a lull down to maybe 50-60m but I wouldn’t be surprised to see over 100 in year 1 if the app is good. If it’s better than FB objectively, it could go much higher than FB.
It could actually be something insane like 1B users internationally, Trump is very popular in India, Au, Fr, Uk, Br, well shit he’s a house hold name about everywhere. My FB has been backed up for like 6months, hell Parler was created from the void. People just didn’t mass move there.
If it fails it goes a max of 56 to 0, if it succeeds it goes from 56 to ?????. If you give him 50/50 odds, that’s my action all day long.
I’m going to be on it, and so will everyone I know. I really hope I get a Beta invite and I hope they don’t wipe accounts for the go live. It’s going to be a madhouse.
This guy posting FUD the spac can be extended till September because of the vote that took place