this post was submitted on 20 Dec 2023
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Lemmy Be Wholesome
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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?
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 :)