Question:
i heard of something called buyin with a margin account, meaning that i can use $2000. How is this possible? WHat is a margin account? do i payback the 2000 or the 1000?
Answer:
im gonna let you in on a secret. buy into Phillip Morris (MO) on the NYSE. they have a quarterly dividend that pays 4.1% so even if their stock was to stay flat, which it hasnt done in the past 30 years, you would still make money. Phillip Morris is like a money making machine. they just keep pumpin' out money every day. buying into MO is a GAURENTEED money maker in stocks.
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