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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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.