SO heres my plan investing in dividend paying stocks

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  • OldBill
    SBR Hall of Famer
    • 11-02-21
    • 6402

    #1
    SO heres my plan investing in dividend paying stocks
    I just figured out get paid some months with 3 others and it goes on n on eraning more as they grow estimated world wide the cannibis industry into the TRILLONS 3 - 5 trillion

    now think about this most people are too old or not wanting stock investments so maybe only world wide 800 million

    any way heres what my plan is buy different stocks each month up to 7 they pay out every 3 months

    1st one bought now in dec pays out in March ---June--- SEPT then DEC

    2nd one in Jan Pays out in april --july ---nov n feb.

    3rd one in feb pays out may--aug...nov with #2 then feb with #2

    4th one bought March pays out June with #1 then sept with #1 then Dec with #1 then in march

    5th one bought april pays out July with # 2 then Nov. with #3 then feb with #3 n #2

    6th one bought may pays out aug with #3 then nov with #2 n #3 then Feb with #2 #3 #5

    7th one bought june pays out sept with #1 #4 then dec with #1 #4 then in march with # 1 n # 4

    so by that time march of 2023 your raking in your bought plus 2 others over n over again as you go on you get paid 3 more with one you started imagine 4 payouts in one month of course invest more in each stock for 1st year then buy securties in banks with as high as 3 % daily or monthly i dunno how that works out

    so say you deposit $30,000 you earn $900 monthly so second month you earn 3% og $30900 $927 3rd month you get 3% of $31827 = $954.81 = $32781.81 x 3% = 983.45 you now have $33,765.26 in only 5 months

    and you dont have to add money it grows on it's own but of course you have to pay taxes on what you earn

    dunno if federal or state n federal state is less fedral is 33% so lets say total your 1st year eraned is $250,000.00

    firguer on 37% state n federal shit $92,500.00 in taxes leaving you with $157,500 net be happy to pay taxes = a 40 hour week wage salire earners that get paid $1778.84 per week = $92,499.68for the year gross net is way less taxes fed state ssi maybe city too = 40% i think = $37,000 = $55,500 net

    plus if you get ssi of 2000 a month thats untaxed $24,000 i only get with new raise in jan will be up to $1100 a month $13200 per year yeah could live on but be rough with car insuarance health insurance etc.. having to pay other stuff and buy food too

    yup sorry way more money sitting at home putting my money to make me money instead of working to make $$money
  • stevenash
    Moderator
    • 01-17-11
    • 65188

    #2
    Bill, I've been in REIT's for over a decade now.
    I own NRZ and other dividend paying stocks.

    I'm fine.
    Comment
    • OldBill
      SBR Hall of Famer
      • 11-02-21
      • 6402

      #3
      Originally posted by stevenash
      Bill, I've been in REIT's for over a decade now.
      I own NRZ and other dividend paying stocks.

      I'm fine.

      thank you steve proves that im right im just guessing on what i earn per unit have no idea until i get 1st pay out in march
      Comment
      • stevenash
        Moderator
        • 01-17-11
        • 65188

        #4
        Originally posted by OldBill
        thank you steve proves that im right im just guessing on what i earn per unit have no idea until i get 1st pay out in march
        Do your homework, knowledge is king.

        There's a dozen posters here that know more about all this than I do.
        Do your homework is the best advise I can give you.
        Comment
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