Steal This Passive Income Strategy
Steal This Passive Income Strategy
A few years ago, I heard about STASH and I thought it was a good way to squirrel away some extra stock.
I had a plan.
Amazon had recently announced a stock split after a historic climb up to the $3000 mark.
But a change in leadership and other factors dropped the stock price to $98 a share.
My goal was to start accumulating AMZ (Amazon Stock) and dollar cost average it.
I wanted 1000 shares of AMZ, and then, in 2024 when a new President is inserted into the Office the stock market might take of again.
If it did, I’d ride AMZ right up and cash out.
I know, some folks will say use options and puts, and do it right now, but this was just a passive way to increase my stock holdings for AMZ.
I got a STASH card, automated transfers from my bank account, and then used that card to pay recurring bills.
Stash pays a percentage of the purchase toward stock.
So for example, I fill up with $40 of gas, which I have to do every week, and I get 1% of it back in Amazon stock.
It’s not much, right.
Unless you add up all the little things you spend on each month.
It adds up.
You can get a general idea by opening up your budget and checking how much you spend each month.
Probably a couple of thousand dollars.
How much of that are you earning cash back or stock on?
I did it with Stash because it was simple and easy to set up.
And I still think AMZ is going to make a big jump in the next two years.
For me, it’s a great time for accumulation.
But you can do this with WAL MART (WMT) stock too.
Or any stock you want.
And the best part is, you’re buying stock every single time you use that card.
If you use it to pay bills, it’s happening every month, like clockwork.
You’re compounding your stock purchases that will then compound as the stock market goes up.
At least, that’s the plan based on what’s happened in the past.
What’s your plan?
Get free stock when you sign up with Stash
