Running some numbers and it looks like I could easily take out a 40k loan and put it all into a high dividend paying stock. The stock is currently 21.43 share offering .13205/share monthly dividend. The loan calculator I used was for 40k at 17.99% for 60 months. With my math I'd be able to earn 5253 a month in dividends and easily cover the ~1100/month loan payment. With me being single and the dividend income threshold being 63k/year. It would also be tax free money.
Is it really that easy or am I missing something?
Submitted September 15, 2024 at 12:56AM by snowisalive https://ift.tt/qCyxUau
