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Heck, I'm delaying repayment on my home equity line of credit (paying off, just more slowly) because of a similar situation. The interest rate on my HELOC is 5% right now. I can name 5 stocks off the top of my head that have a dividend better than 5% right now. And that is just the dividend payout. Some of those stocks going to appreciate over the next few years as well.
In case you are interested:
Frontline (FRO) - Dividend = 35% (yeah, seems ridiculously high, but I've owned them for years and they always pay)
Pengrowth Energy (PGH) = 16%
Eli Lilly (LLY) = 5.78%
Pitney Bowes (PBI) = 6.03%
Verizon (VZ) = 5.66%
That quick list covers a variety of sectors, earns you dividends, and positions you for growth during a market rebound.
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You do not really understand something unless you can explain it to your grandmother.
- Albert Einstein
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