@[email protected] to Lemmy Be [email protected] • 11 months agoUnlimited moneyreddthat.commessage-square137fedilinkarrow-up1935
arrow-up1906imageUnlimited moneyreddthat.com@[email protected] to Lemmy Be [email protected] • 11 months agomessage-square137fedilink
minus-square@[email protected]linkfedilink7•11 months agoWhat about stocks? Couldn’t you load millions into various companies and cash out the next day?
minus-square@[email protected]linkfedilink4•11 months agoWhy would you even cash out at that point? just keep the stocks.
minus-square@[email protected]linkfedilink4•11 months agoBecause I’m not smart enough to buy groceries with stocks
minus-square@[email protected]linkfedilink1•11 months agoAnd I’m not smart enough to know I’m not smart enough: Micro loans with the stock as collateral
minus-square@[email protected]linkfedilink2•11 months agoHow do you pay those micro loans off if you don’t ever cash anything out?
minus-square@[email protected]linkfedilink2•11 months agoYou just take out another loan to pay off that loan.
minus-square@[email protected]linkfedilink3•11 months agoHere’s the real answer. Just buy the top 100 highest dividend stocks and never work again.
minus-square@[email protected]linkfedilink2•11 months agoDepends on the broker, usually you have to transfer the money in advance… If you can buy them directly from your bank that would be a great strategy :)
What about stocks? Couldn’t you load millions into various companies and cash out the next day?
Why would you even cash out at that point? just keep the stocks.
Because I’m not smart enough to buy groceries with stocks
And I’m not smart enough to know I’m not smart enough: Micro loans with the stock as collateral
How do you pay those micro loans off if you don’t ever cash anything out?
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You just take out another loan to pay off that loan.
Smart
Here’s the real answer. Just buy the top 100 highest dividend stocks and never work again.
Depends on the broker, usually you have to transfer the money in advance…
If you can buy them directly from your bank that would be a great strategy :)