I know you guys aren’t financial advisors, but the husband is doing something I don’t understand. He’s planning on buying Disney stock so that when it tanks he’ll profit. The rest of our money is in DWAC, 1000 shares. Is what he doing safe?
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The most dangerous thing as an investor is unjustified confidence that any particular stock move is going to happen and to bet big on it in an attempt to get rich quick. Keep the investment low enough that if the strategy fails little is lost and your financial future is not affected. Personally, I am risk averse and steer clear of any and every popular theory in pursuit of companies which earn their way up.