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.