Source
r/wallstreetbets•
TalkingBackAgain

Making money while you’re sleeping

Discussion

This is a crosspost from r/antiwork [my own post there]:

  1. Hussle
  2. Every time you make about $320ish bucks, you buy 1 share of Goldman Sachs
  3. Current dividend on a share of Goldman Sachs is $8.00
  4. At about 40 shares, the combined dividend pays for 1 share [share price dependent]
  5. You keep adding to shares you have, using the dividend to pay for more shares over time
  6. At about 1812 shares [stock price depending, dividend depending] you make minimum wage [if minimum wage increases: just add more shares]
  7. When you have enough shares, the dividend yield is minimum wage, 4 times per year
  8. 3/4 of that money you use to live, 1/4 of that money goes to buying more shares
  9. Now Goldman Sachs works for -you-. You don’t have to do jack squat and you still become rich. You don’t owe the man, you own the man

In the 2008 real estate crash, Goldman Sachs owned a whole lot of toxic assets. They sold those toxic assets right before the crash, to another bank. When the crash came and the toxic assets tanked, the other bank went belly up because they now had those toxic assets on the books.

Goldman Sachs is murderously serious about making money. Making money is what they do. You want to own them [partially] because they’ll pay you for owning shares.

The share price used to be around $200 a while back, the dividend was $5/share. That same share now yields 60% more. Keep those shares and over time that share will yield more dividend. The only thing you have to do is to keep them [diamond hands for the in-crowd].

Do the math. One share at a time. Goldman Sachs is not going to stop making money, they might as well be working for you.

Tell me why I’m wrong.

Posted Apr 25, 2022, 8:54 AM UTC

0132
CashmoneytendiesMade love to an ape •

This whole post is “put hundreds of thousands of dollars into a dividend stock and collect the dividends”

Modern day Warren Buffet

120
[deleted]•

Hundreds of thousands that's all? brb..

1
MrDude_1•

Modern day Warren Buffet

I dunno about that... sounds suspiciously like 30 years ago Warren Buffet.

1
TalkingBackAgainOP•

So, using a format used by one of the richest people on the planet is clearly the wrong strategy. Roger that.

-33
RyanHarmanFinance•

that was sarcasm, warren buffett is anti-dividend

14
TalkingBackAgainOP•

sarcasm doesn’t translate well to flat text.

0
Hazelsea1099•

Discovers dividends, makes smooth brain post on WSB

54
TalkingBackAgainOP•

So, I’m right in tune with the subreddit?

-5†
voxhaulf•

The opposite

4
TalkingBackAgainOP•

But here is where we see loss porn proudly displayed?

1
skedditgetit•

its autistic around here, this is just retarded

2
TalkingBackAgainOP•

This is a much tougher crowd than I thought it would be.

1
ThorbeansPAPER TRADING COMPETITION WINNER•

Everyone responding to you is either paid by hedge funds or thinks it’s cool to be like the paid hedge funds. Like a bully and their posse. Unfortunately, It’s compromised AF

3
Letters-to-self•

IS THIS YOU, GOLDMAN SACHS? img

49
TalkingBackAgainOP•

if it were, would it matter?

-6
IstralLabraid•

Cheaper to buy jepi and do the same thing imo

5
Possible_Use_7536•

Or you don’t and buy 0dte

47
TalkingBackAgainOP•

I don’t even know what that means /honestly

-38
deezapenutz•

It’s better that way

19
Capital_Ordinary8043•

Then you dont belong here

18
TalkingBackAgainOP•

Then educate me!

-10
cheesenuggets2003•

Mods, can we get a ban here?

9
MutinousAlways•

You belong here

10
TalkingBackAgainOP•

I love you too!

0†
ChadChanningfield•

It means your investment is safe while you’re behind the Wendy’s dumpster

4
TalkingBackAgainOP•

I have a very sad, and absolutely true, story about Wendy’s.

And I didn’t even realise it at the time.

There’s this man behind the Wendy’s counter. He’s wearing the Wendy’s uniform. It fits him about as well as a dress would fit Mike Tyson in a boxing ring. He looked dreadful.

It did not occur to me to question why a septuagenarian would be standing behind the counter at Wendy’s. Only later did it occur to me that this man had no choice to work because he likely did not have a retirement fund and would be working until his dying day.

That was 20 years ago. A most sobering thing to remember.

1†
Soupina•

I think this one is actually retarded

30
TalkingBackAgainOP•

I find a place to belong!

3
Ill-Ad5415•

Take this retardant post over to r/dividends sub and let them laugh at you.

28
flat_line_what a nice flair•

or…agree with you??

1
TimHung931017•

So you're just essentially talking about a DRIP...

16
TalkingBackAgainOP•

Basically.

1
TheManagerDustBunny4987 - 3 - 1 year - 2/1•

“Hustle” not “Hussle”

15
YoungThugDolph•

Let the man rest you playa hata

12
JohnDillermand2•

Put me in coach!

5
TalkingBackAgainOP•

HUSSLE!

1†
Abracadabra-2018•

someone has 1218 gs= 390k usd to spare ? 1218 shares give u $9745.. you can live off of 2/3 of that ????

14
GQB3rt•

He said 1812 not 1218 but he also said wait until you have 4x that and live off 3/4. Its even more stupid than you think it is.

5
Abracadabra-2018•

oh lol .. maybe he thought $8 per quarter , 4 times that =$32/year.. 1812*32= ~58k

2
TalkingBackAgainOP•

I refer the honourable gentleman to the answer I gave some moments ago.

-8
Abracadabra-2018•

dude i don’t know what you mean but i would love to live off of 6k yearly income lol .. maybe the great country of Zamunda?

13
GME_200KShorting GME since $221•

Yeah, r/dividends is a criminal enterprise. You will literally never get ahead.

1
louweediii•

You’re wrong just like Cramer is

14
TalkingBackAgainOP•

If I was as rich as Cramer is, I want to be that wrong!

2†
louweediii•

Then you’d also have to be a🧑‍🦲 crook

6
TalkingBackAgainOP•

Who is eating better? The crook or the poor clod who has to work three jobs to not make enough for rent, gas and food.

Morals are nice if you can afford to have them.

-1†
Outrageous_State9450•

Morals are free and so are the morels I eat naked in my bush hut. Somebody better come touch my weiner

1
Cultist6661•

How long before you think they hit Cramers appearances with “ for entertainment purposes only not financial advice”

3
StinkeyeNoodle•

Lol, read the fine print, they already make this disclaimer.

6
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-2†
Cultist6661•

Plz review this. Talking shit abt someone who provides financial advice in a general non specific way isn’t giving financial advice 😁

1
emiliohh310•

What

8
picturepath•

We just need to put in $500k to get minimum wage. What you poor?

42
optionseller•

Yes

2
prom2tu•

Sir, this is a casino.

8
GhettoChemist•

Current dividend is $2 but the BOD can always change it. AT&T cut their dividend in half. Ford stopped paying one at all for a while. And GD was trading 20% higher at 400 just a few months ago. If a recession sets in and it keeps dropping don't expect them to pay $2 per quarter to SHs

7
TalkingBackAgainOP•

The stock price tanking, it would be a great way to add more stock and get more dividend over time!

This isn’t AT&T or Ford, this is Goldman Sachs. Goldman Sachs is in it for the greenbacks.

-6
GhettoChemist•

Wachovia, Bear Stearns and Lehman Brothers were all "in it for the greenbacks" and their dividend payout has been suffering in recent years

6
TalkingBackAgainOP•

This is true. The difference being that Bear Stearns and Lehman Brothers didn’t manage to offload their toxic garbage fast enough. Goldman Sachs sold their toxic garbage to another bank which subsequently went under. But not Goldman Sachs.

Goldman Sachs are the guys who play dirty and end up holding the trophy with a big grin.

It pays to be a winner.

0
KdizzyRbets•

Which is exactly why they’d stop paying… they want the money. They dgaf about their shareholders. Also if we have a recession for all we know it could kick off due to Goldman going under. They’re involved in some shady shit.

5
TalkingBackAgainOP•
  1. I agree right now that they’re involved in some shady shit
  2. This is Goldman Sachs, come the Flood they’ll find a way to survive
  3. They don’t give a damn about the shareholder, nobody does, but their account managers, VPs, Directors et al are also shareholders and they’ll want a return on their stock

I’m going with Goldman. Not because they’re the responsible, most ethical company but precisely because they aren’t. They’re going to make money one way or another. You might as well have some of their stock.

0
Abracadabra-2018•

how many gs do you own?

1
S99B88•

It would take $600K with of stock to produce $15K annual income at those current prices.

How much are you taxed on dividends? Will that extend your timeline? It would have little impact at first, but might become an issue eventually, reducing the amount you would have available to buy new shares.

6
TalkingBackAgainOP•
  1. it’s a play over time, which I did indicate
  2. even if you had to pay taxes on the dividend, the tax won’t be 100%, that would make earning a dividend moot
  3. over time, and with accumulation of dividend, the dividend itself will help buy more shares, which I also indicated

You see people posting loss porn in the tens to hundreds of thousands of dollars. This is a method of, slowly, building a bit of passive income that the diamond hands holders would enjoy.

-5
S99B88•

I’m that case, sir, this is a casino …

10
DontTaxMeJoe•

Stop trying to help the poor people, we invest in Powerball three days a week already you autist.

5
TalkingBackAgainOP•

I have these bouts where I honestly try to help my fellow human out of a misplaced idea that we’re here to make the world a better place for each other. I’m old enough to know better, I swear.

0
DontTaxMeJoe•

$320 can buy a lot of scratch offs, and would definitely be more fun than DiViDeNdS

2
Character-Tadpole-68•

Epd is the dividend play. Oil with inflation not banks...

4
TalkingBackAgainOP•

I have some stake in oil, I hope it pays off.

2
bred_by_papa_safe•

Dumbest post ever on this sub.. jeez

4
GME_200KShorting GME since $221•

Your boss hates this one simple trick!

3
MakingBigBank•

Normal average guy discovers this one weird trick to achieve financial independence in the stock market. Wall Street hates him! Top hedge funds don’t want you to know this secret!

1
TalkingBackAgainOP•

I would seriously doubt that this would be the dumbest one.

Top 3 material for sure, but the actually dumbest one?

-1
GME_200KShorting GME since $221•

OP IS A TRUE RETARD

Only poors like dividends. Everyone else understands that a dividend is a taxable event, which seriously destroys your compounding.

In reality, you buy a cheaper stock and sell covered calls. You will get a much higher yield than this dividend.

This is what happens when the dummies at anti-work try to trade. They were too dumb to get a real job and blame everyone else but themselves. Now, they gonna suck at trading too, and blame everyone else but themselves.

4
TalkingBackAgainOP•

I’m not going to lie, I do suck at trading, to a disheartening degree.

1
GME_200KShorting GME since $221•

Well, admitting it is the first step.

Step 1) get an account on tasty trade. It is by far the best education on options trading out there...and it is free.

Step 2) buy 100 shares of a stock you can afford. Oil and gas has been left out in the cold, so try something there.

ET is good if you don’t have a lot of cash bc it’s $11 and offers a much higher dividend yield than GS. Get ready for the K1 when taxes are due.

They will also double the dividend this year, so a lot of room to grow.

Step 3) sell covered calls. You can make like .5% a week if you’re lucky and it is extremely low risk.

Step 4) after you get the hang of trading small stocks, expand your portfolio into other ideas.

4
voxhaulf•

Do you need a live in butler? I’ll do work for minimum wage and tips about trading.

I’m hairy tho but willing to shave.

0
bahetrick1•

Dividends are tax free if your AGI in the filing year in which you receive the dividends is $79,999 or less.

1
GME_200KShorting GME since $221•

Poor?

And you expect to buy 500k GS that way 🙄🙄🙄

1
bahetrick1•

You said something factually inaccurate. I corrected you.

1
GME_200KShorting GME since $221•

Nope.

I told you already that if you’re point was relevant, then your never getting to 500k in GS shares.

You made a point that doesn’t relate to anything and pretend to be smart.

I am muting your account for wasting my time.

1
Nav_2055•

No way you didn’t get banned from r/antiwork “oWnInG sToCk Is EvIl”

4
GME_200KShorting GME since $221•

Yeah, astro turf echo chamber there. They are so dumb and it’s kinda funny to watch

2
Aggressive_Fee_6737•

Dividend comes up as 2$/ share, where did you get 8$ ?

2
RyanHarmanFinance•

$2 four times a year

2
TalkingBackAgainOP•

finance.yahoo.com

I -may- have interpreted that wrong though.

But that’s not how it presents on the screen.

1
Aggressive_Fee_6737•

You referred to what one get per share. 2/share is significantly less than min wage though..

1
Abracadabra-2018•

LOL .. details and accuracy matters :)

1