Symbol: rkt
Purchase Date: 08/15/2022
Share Amount: 95
Purchase Price: $10.605
Total Cash Spent: $1,007.48
Headquarters: Detroit, MI
Owner/Operator: Dan Gilbert
Shares Owned: 1,848,879,483 (SEC Form SC 13G/A filed on 2/10/2022)
IPO Date: August 6, 2020
Why: Millenials and Gen Zr's don't want to talk to people in the flesh. They have no interest in going to a bank and sitting down with some dumb mortgage salesperson. When it comes time for a loan, they want to chat to someone over Instant Message on their computer. And that's exactly what Rocket Companies' platform provides. Be it mortgages, car loans, or personal loans - Rocket has got the single greatest platform out there now to help the next generation of Americans and Canadians (and perhaps beyond North America one day).
Rocket Companies also touts themselves as a technology company (just like everyone else today). What they have in development, such as digital media, insurance, and education products may only aid in this company becoming a do-it-all conglomerate that operates successfully well into the future.
Additionally, the owner/operator is billionaire entrepreneur Dan Gilbert, who built Quicken Loans (now Rocket) out of $5,000 saved from delivering pizzas. Invest with billionaires - they are proven winners.
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