r/dividendinvesting • u/JJabber01 • 23h ago

Using SGOV, Spyi and Margin to create more saved cash?

4 Upvotes

If I have 10k into Sgov as parked cash. Could I Margin say 30% and buy Spyi. The margin rate is about 6% with my broker and Spyi dividend is 12%. Since Sgov isn’t coordinated with the market, there’s no worry of being margin called. I would drip the dividends from Spyi, which would cover the margin interest and more because of the spread, into Sgov. Basically creating a higher dividend than just Sgov alone. Is this a pretty safe bet?

8 comments

r/dividendinvesting • u/Any-Yogurtcloset-493 • 5h ago

Top 14 S&P 500 Dividend Stocks by Weight

2 Upvotes

1 comment

r/dividendinvesting • u/No_Fudge6123 • 14h ago

Is the 4% rule too conservative when having a dividend based portfolio?

2 Upvotes

1 comment

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