How to buy Digital World Acquisition DWAC shares

Digital World Acquisition rose to prominence after it made a deal with a company owned by Donald Trump. In this guide, find out everything you need to know before you invest in DWAC.
By:  &  Prash Raval
Updated: Sep 13, 2022

Digital World Acquisition is a special-purpose acquisition company (SPAC) that is set to complete a merger with Trump Media & Technology Group Corp. This page discusses the potential ramifications of this deal and provides a detailed step-by-step breakdown of how to purchase shares in the company.

Where to buy Digital World Acquisition stock

If you want to get involved straight away, the fastest and easiest way to do so is by signing up to an online stockbroker. These are regulated platforms that allow you to purchase shares in publicly listed companies like Digital World Acquisition. Below are some of our top picks.

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How to buy Digital World Acquisition stock, a step-by-step guide

Investing in Digital World Acquisition is simple, so don’t worry if you’re new to stock investing. These are the steps to follow in order to complete your investment:

1. Choose a broker and create an account

The easiest way to invest in Digital World Acquisitions is to use an online brokerage platform. There are many different platforms available each with its own benefits and drawbacks. You can check out the comparison table above which includes selections from our investing experts to help you find the right broker.

When you have selected your broker you’ll need to register an account. This is a simple process and all you need to do is head over to their website and follow the steps to sign up. Next you’ll need to deposit funds. Log into your account and select the option to deposit the amount you wish to invest. Most brokers accept bank transfers and debit card payments and some even accept e-wallets like PayPal.

2. Decide how much to invest

DWAC is a new company so it’s a good idea to only allocate a small portion of your portfolio to it. Setting a budget is key, and you must only invest what you can afford to lose. It’s recommended that you spread your money across different investments, so it’s not a good idea to put all of your funds into a single stock.

Digital World Acquisition has already experienced a lot of volatility in its short history, so if you do invest, expect a lot of ups and downs and budget accordingly. Although DWAC isn’t overly expensive, your budget may not allow you to buy a full share. If that’s the case, you could consider investing using CFDs or ETFs that include it.

3. Research Digital World Acquisition and its potential

Before you make an investment into DWC shares, you’ll need to take the time to research it. As it’s a special purpose acquisition company there may not be a lot of information on it. However, researching into the company it plans to acquire is a good starting point. Its also helpful to consider the wider market and look into its competitors.

4. Place an order for DWAC stock

When you’re ready to buy shares you’ll need to navigate to the shares section on your brokerage account. Here you can search for Digital World Acquisition’s ticker symbol (DWAC) and see the current price at which the stock is trading. If you’re happy with the price, enter the number of shares you want to buy and place your order.

5. Execute your order

Usually your order will be executed immediately, however there may be a slight delay if you place your trade outside of market hours. Once it is live you will be able to monitor it in the open positions area of your broker account. In this section you will be able to make any changes like buying more shares or selling some.

6. Review your investment regularly

It’s important that you monitor and review your investment at regular intervals. The stock market can change very quickly and that is even more applicable to newer companies like DWAC. For added peace of mind you may want to consider using a stop loss order, that will automatically close your position if it hits a pre-set price level.

What is Digital World Acquisition? And should I invest?

It is a special-purpose acquisition company or SPAC. This is a company with no commercial operations that is created purely to raise capital for the acquisition of or merger with an existing company.

In the case of DWAC, it is linked to former President, Donald J. Trump. Following the 2021 Capitol riot, Trump was permanently banned from major social media platforms like Twitter and Facebook. Now, after Apple’s temporary ban of right-leaning social media app, Parler, and the struggles of the conservative-tailored Gettr, the 45th President has decided to launch a social venture of his own in an effort to communicate with his support base.

The network is known as Truth Social, a social media platform that was released in February 2022. In The days following, technical hiccups and low uptake plagued the launch. Although it’s still early for Trump’s app and its future unknown, you may want to consider investing if you’re willing to take a risk on it joining other social media giants. Before Trump was suspended from Twitter, he amassed close to 90 million followers. If he’s able to bring them over to Truth, then it may have a chance of success.

How has the company performed in recent years?

It is difficult to draw any conclusions about the performance of DWAC given the recency of its deal with Trump Media & Technology Group Corp. However, in the first few days of the deal it was the most popular stock on prominent Reddit investor forum, WallStreetBets, and had the highest trading volume of any stock on numerous major apps such as Fidelity.

Things have settled down a little since then although its share price has spiked in the time since. Early investors had seen their shares trading over 8 times the opening price set in October 2021. However, when Truth Social launched in February DWACs share price tanked by over 30% as uptake was slow and issues were prominent.

Much of the future performance of Digital World Acquisition stock will come down to the success of Truth Social. It remains to be seen if Trump can reignite the passions of his supporters and take on some of the tech sector’s largest and most powerful names.

Is it a good time to buy Digital World Acquisition shares now?

Given that this newly merged company is in its infancy, expect to see a lot of volatility in the short term. However, if your eyes are on long-term growth, this shouldn’t bother you as much provided you believe in the platform’s credentials.

Right now, it is difficult to draw any decisive conclusions because there is still so much ambiguity regarding how the platform will perform, how it will be received, and how it will generate revenue. As a result of these unknowns, while investing in DWAC could prove a good move in the long run, right now, it looks more akin to gambling.

Whatever you choose to do, it is absolutely crucial that you stay up to date with the latest news and events unfolding in and around the Digital World Acquisition story. To help you out in this regard, we have listed the top stories right now below. Simply click on one of them to learn more, or keep scrolling to continue learning about investing and trading Digital World Acquisition shares.

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September 25, 2022
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September 23, 2022

Ways to invest in DWAC

There are lots of ways you can invest in DWAC and the method that’s right for you will depend on your budget and investing timeframe. Below you’ll find a brief description of the different ways you can invest in Digital World Acquisition shares.

  • Buy Digital World Acquisition shares. Buying shares in Digital World Acquisition is the most common way to invest in it. Buying shares means you will own a piece of the business and your investment will rise and fall with DWACs performance.
  • Invest in Digital World Acquisition ETFs. If you don’t want to directly invest in DWAC you could consider using an ETF. Exchange Traded Funds are one of the simplest ways of investing. An ETF invests in lots of different companies and tracks the performance of a specific industry or index.
  • Invest in Digital World Acquisition funds or trusts. Similar to ETFs, funds invest in lots of different companies. However, unlike ETFs, funds are managed by an expert who buys and sells assets according to their own expertise.
  • Trade Digital World Acquisition. If you have a short term outlook for Digital World Acquisition stock, then trading will be your best option. It’s a good idea to learn how to read price charts and conduct technical analysis before trading so you are able to profit from short term movements
  • Spread betting. Spread betting is a cost effective way to make short term trades on Digital World Acquisition stock. With spread betting you can bet on a company to rise or fall in price and you don’t actually own any shares. One of the main benefits of spread betting is whatever profit you make is tax free.

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Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Charlie Hancox
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Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player, and as a budding film director, has… read more.
Prash Raval
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When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.