Quote:
Originally Posted by Dirty D
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
|
If you're leveraged that badly, buying common shares, just paying the spread is going to put you well behind.. you had better be sure you know that the shit you buy is going to go up