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Old 06-08-2011, 05:15 PM  
qwe
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Join Date: Jul 2003
Posts: 2,109
Quote:
Originally Posted by Dirty D View Post
Interesting thread... lots of thousandairs trying to give millionaire advice.

Put it in an Interactive Brokers account.
They will give you a margin account at 1.3% and loan you $1M per $200k of your money.
So $1M of your cash gives you access to trade $6M in your account.

Buy dividend paying stocks >5% that are large cap and still growing.
You will get stock appreciation plus dividends.
It will only cost 1.3% for the money you have borrowed.

This is a low risk way to put your money to work.

I have more high risk / high reward strategies also

If you would like to discuss some real world scenarios, hit me up privately.
webmaster at howigotrich.com
that's the worst advice, I really doubt you can get 1:6 margin account ( i don't even think they exist) usually margin is a 50% of your money and also based on which stock you buy, many stocks have different margin ratios... and even if somehow you do get that account, loading up all 6mill at 1:6 on margin is a sure way to loose a lot of money and possibly end up owing some... if your investment starts going up right after you bought then you good, but as soon as it sinks below banks acceptable level they will start dumping your shares to cover your margin calls... and you also need to be careful about the price of an actual stock, if it'll dip below $5 on margin you loose all your margin level and you're toast... there's also a bunch of other shit, but I'm tired of typing all this..
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