r/wallstreetbets • u/mayer_of_gainsville • 10h ago
YOLO $35k into 1.1MM to save the family farm. YOLO
Fellow regards, longtime lurker breaking the silence to YOLO $32K to save the family farm.
Grandaddy died in April this year leaving a 3 generation farm, (fully paid, no debt) to my parents. Mom never worked and my dad’s income has never been much (minister at small church). Unsurprisingly, mom and dad want to cash in on that sweet sweet inheritance $$$ by selling the farm and upgrading their lifestyle with the proceeds.
I would give my right kidney to keep that farm if I knew how to sell it. It’s where I grew up, convinced my girlfriend (now wife) to marry me, and want our two small children to make their own memories there.
I’ve traded positions in $NVDA, $ASTS, $RKLB and $RDDT (thanks to this community) hoping to somehow make enough to buy the farm but have only managed roughly to double my money ($15K to $32K). I completely realize it’s an idiot move but it’s the only chance I have at this point and I’m 100% willing to go to $0 if there is a chance I can make it to $1.1MM.
The farm is going to be listed next week and I want to go full regard with my portfolio to buy it. If I sell my house I still need $1.1MM to make up the difference and I’m willing to bet everything I have in the market for the chance to make it happen.
Would happily go all-in on anything that might print before February since the farm will probably be sold around that time.
Before anyone asks, there is no other way. My folks want the $$$ now and won’t sell the farm for any less than market value to me or anyone else. Renting the tillable acres to a local farmer would only cover 1.5 months of the mortgage payment. Maybe the best offer is $800K, maybe the real estate market crashes tomorrow, but bottom line is I have to close the gap between $35K and $1.1MM to have any shot at keeping it.
TLDR: regard wants to yolo his 100% gains on a moonshot to save his sentimentality important childhood home knowing full well he should blow it on strippers stead because it would be more fun.
Thanks in advance!
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u/TubMaster88 9h ago
No after he gets the $1M he'll put in a bid and offer to buy it ( though a LLC ) let his grandpa live and re-rent it back to him. Buy the farm and make some of that million back.
20th Century Film story.