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
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (27)
sorted by:
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.