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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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.