Quote:
Originally Posted by Buby2
NEVER pay anything CASH. Why would you pay cash if you could get 5.5 or even 6 percent on a loan and now take your money and put it in a 7 to 7 1/2 percent preferred stock. You will still come out 1 to 1 1/2 percent higher. Of course you need the cash to cover your monthly payments. Example: My AT&T cell phone is 49.95 a month, I bought 300 shares of AT&T which pays .41 per share every 3 month so that comes to .41 X 300 = $123, phone bill is $150 - $126 so it cost me $27 every 3 months thats $9 bucks a month, beat that !!!
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How much did you pay for 300 shares of ATT stock and how long ago did you buy it?
