Husband and I have decided to sell our house and return to the old family homestead. We stand to clear around $400,000 which we’re afraid to put in a bank. Husband wants to sink the entire amount into DWAC. We know the market is going to tank and DWAC will go down too, but we also believe it’s the only solid stock that will “moon” eventually. Advice is most wanted and welcomed. Thanks in advance
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I wouldn't put it in the market. Buy another chunk of land, you won't need a safe to keep it in.
...land is a very good investment, look into expanding what you already own at your new location...
...junk silver will come in very handy.....
Agree. Hang on to the cash. Wait for property prices to come down, which they are, and then buy some land. You will likely also be able to build on the property for a reasonable price since building materials will be available, and good contractors will be available for reasonable prices as well. Then you will have a nice property with a new home, with no mortgage.
This. If you want to invest SOME in DWAC, sure, but I think that's not smart for what you have for land/home.
We're doing something similar right now and will start building something soon. I'm not putting any of our house money in DWAC, personally. I did find a checking account that gives you X amount for X amount you have in there after 2 months. So, we did something like that and then will add some to a savings account after that until we close on our new house. There may be something else we could do, but definitely wouldn't want to lose any of it.
If u dont put some of that in metals your crazy. Wife and I inherited some $ earlier this year. We put 70% in silver. Actual bars. Not paper.
Agreed.
Every few months I manage to squirrel away more silver ounces, I feel safer having actual money, in my hand, that will still be money when fiat goes bye-bye.
Don't put it all in anything
OK here’s what you do… 🙂
Find a local dealer and invest in Silver/ Gold and keep some cash on hand in case you need it.
Buy a nice fire proof chest to keep it in.
And yes buy some DWAC stock if like, but don’t put it all your money into one thing…. It is easy to get excited but be careful.
As a business man I speak with caution in mind 😎
Diversify investments, with a focus on physical assets like land, metals, and stuff you can touch.
I’d invest in coffin manufacturers and funeral homes.
You'd be better off buying tangible items and goods with that money and storing it because those things will be the only things with any real (tangible) wealth. Items like guns/ammo, gold/silver and other precious metals, food/supplies, supplies/tools for the homestead, solar power, clothing/blankets, etc.
I would never put all my eggs in one basket, so to speak.
I would put 25% at most in dewac,the rest in gold and silver.....
You'd be better off buying silver and gold. Or find some dirt to buy.
“Buy dirt”
Thats the advice of my richest friends and family.
IOW: buy land
DWAC…and metals…maybe 10% of your 400G
Some guys in this thread below talk about the upcoming vote and general deep state fucking with the markets.
I'm no financial advisor, but that sounds like the wrong idea. If we are actually going to kick out the corruption in the financial sector, the stock market is going to plummet. Because whatever is propping it up won't be anymore. And if that grift money/false facade isn't coming back, stocks will go back to having a valuation far more in line with earnings. The days of having a market cap of half a trillion while having annual net income in the single digit billions will screech to a halt.
Don't rely on me. Just consider this point when making your decision. I could be way off base. I just don't think I am. Plus, how much "online" revenues are real vs intel agency laundering? We know all of these ad guys have a serious bot problem. If that gets sorted out, all of social media will suffer big time. Anyone depending on advertising money is going to have their revenues cut significantly. To me, any tech/social media company offering free services in exchange for big ad revenue/personal data collection sales is in for a rude awakening.
You need physical assets. Something that just can't be reduced to zero. More land, precious metals, and the like. Buy another house and rent it. What it is worth 5 years from now doesn't matter if you aren't selling. You ought to be able to gross 6-7% on a rental property you properly buy today. That margin will only grow over the years. As housing sales slow down from rates, the rental market is going to spike. As an example, a pair of rentals I got in 2014 grossed 8% a year back then. Rents have climbed enough in that time that its now 16%. My cost basis is the same, my property is worth nearly double, and my gross rents have doubled and are still on the ascent. All I gotta do is field a couple of phone calls a year and then call someone else to go fix something. Pretty good for 16% return sitting on my ass. Wish I had 50 of these lol...
Sound advice and I should have added that we’re retired. Husband is 74, I’m 64 so not sure we are going to have “time” to invest in anything long term. Not saying we’re ready for the grave, far from it. We’re both in great shape, better than 95% of others our age. I have family who have rental property and they are always complaining about what a pain in the ass it is. Not real sure what to do. We do have a small mortgage and rental property is higher than our mortgage. The point is, we don’t want to keep doing this. We want out before the market goes flat out under. If we delay, we’re stuck
My first reaction to your question was, "what are you?? NUTS??" That said, you may be on to something. If you decide to do this look up dollar cost averaging and apply it to your investment...... The way I see it is either WWG1WGA will succeed and Trump will make good on his promises, (good investment!!) or we are all doomed. (Bad investment but what the hey, nobody is going to win anyway) ......Full disclosure, I own some DWAC and believe Trump and MAGA will succeed......Good luck.
You could buy another piece of land like others have advised. You could also buy some physical gold in the form of 1 oz. gold bars. I'd recommend jmbullion.com. Then buy a good safe to keep them in. Gold might go up and down a little but it's a solid way to keep your money from the ravages of inflation. Put $200k into a piece of property, $150k into gold bars, $40k in Silver bullion and $10k cash for emergencies.
Never put all your eggs in one basket.
Gold and silver coins or bullion.
So, it seems you have 400k left.
Never, ever put it in one stock. The sole fact you are even conteolating this is guided by a strong belief, but eh..... Totally wrong. It shows you have no clue as to what you are talking about.
If you don't know, start messing with it in a controlled manner. Maybe start with a 1000 and see what happens.
Make buckets, assign a budget.
10% Metals: buy bullion, not bars. Look at the premium! Buy low. You've missed an opportunity last week. But what the heck, you can always start.
Gold and silver bullion is an insurance. Not an investment.
Buy ammo.
10% Buy food. Better: buy non-gmo seeds, learn sprouting.
Buy land.
Invest in being autarkic and produce something that is needed on the marketplace.
And remember: the dollar is losing value. So, when you see a stock moving down, while inflation hits, you get double screwed.
If you see your silver and gold holding change in dollars, don't worry.
And, consider your legal position. Because the lawfare state will try and get its cut.
If it’s going to moon, who cares if you put 100000 or 400000 in? I mean, gosh, do we really need to explain ‘limit your downside risk’ here?
Check your tax liabilities, maybe put a chunk into the new place and save monies while you also invest a large piece in DWAC if that is your wish.
I wouldn't put it all in DWAC tho, for one thing they have a vote coming up to delay the merger if necessary, beyond that the Enemy is trying desperately to arrest Trump and kill all speech platforms, or control them.
Just saying. Investing in the new homestead would increase it's value so that 'is' an investment and it should be tax free if you do it immediately after selling the old place, so added value. Purchase some precious metals - take physical possession, not certificates - and put the rest in DWAC if you wish.
If it were me I'd add a nice new tritoon boat but that's just me.
Good luck.
Put your money in a safe.
Horrible idea. Its just gonna lose value