How to get Free lifetime AT&T 3g for your ipad.

Discussion in 'iPad' started by hugodrax, Apr 12, 2010.

  1. hugodrax macrumors 6502a

    Joined:
    Jul 15, 2007
    #1
    #1 Step one, Buy 100 shares of T
    #2 Use dividends to pay 3G bill (Dividends total to 14 bucks a month)
    enough to pay for most of the 15 dollar wireless package.

    And you get your capital appreciation on your stock over the years, and the dividends will increase to match inflation. So if AT&T decides to raise the 3G prices, your dividends will go up due to more dividend payout.

    You can also sell one covered call contract to boost your cash income and get more money to pay the 3G service. For example the October 27 strike contract and collect another cool 95 bucks.

    so (95 + 168 = 263/12) = 21 bucks - 15 dollar 3G monthly expense = 6 dollars net credit.

    So your 15 dollar plan gets subsidized by Wallstreet, you pocket the 6 bucks extra and use it to buy apps or 6 songs a month if you want.

    Even better you can do these transactions on your iPad :)
     
  2. Simgar988 macrumors 65816

    Simgar988

    Joined:
    Jul 22, 2009
    Location:
    UYBAATC
    #2
    and I assume you do this? How long have you been doing it for?
     
  3. MadDog31 macrumors 6502a

    Joined:
    May 20, 2007
    #3
    I'm confused. I should probably revisit this thread tomorrow after some sleep.
     
  4. Hey Now macrumors member

    Joined:
    Apr 7, 2010
    #4
    I pity the fool who don't buy shares of T
     
  5. Nash Bridges macrumors regular

    Nash Bridges

    Joined:
    Apr 2, 2010
    Location:
    San Francisco
    #5
    How is it free if you buy 100 Shares of T at todays price of 26.38?
    What happens if the stock goes up to 28.00 per share?
    Why would you sell a near month call rather than one that is next to the last expiration date?
    The dividend rate can be changed at any time as well.
    What if the stock tanks and goes to $13.00?
    What about the commission on the trades?
     
  6. DraziGuy macrumors member

    Joined:
    Oct 20, 2009
  7. aluren macrumors 65816

    Joined:
    Sep 9, 2008
    #7
    Or you can buy the lotto, and once you win, everything will be free lifetime...
     
  8. frankjl macrumors regular

    Joined:
    Mar 22, 2010
    #8
    I do this often with apple stock. Specially around new releases.
    If played right my earning worth of a day of day trading can give me a good discount off my apple product.


    I have been doing this with AT&T since 2007. Great advise..
     
  9. gillybean macrumors 6502a

    Joined:
    Jul 21, 2008
    Location:
    Seattle, WA
    #9
    If I want the unlimited plan (150MB isn't going to be enough for streaming videos), should I buy 200 shares of AT&T?
     
  10. Simgar988 macrumors 65816

    Simgar988

    Joined:
    Jul 22, 2009
    Location:
    UYBAATC
  11. stagi macrumors 65816

    stagi

    Joined:
    Feb 18, 2006
    #11
    I like that!
     
  12. Rob587 macrumors 6502a

    Rob587

    Joined:
    Jul 4, 2004
    Location:
    Orlando, FL
    #12
    OP: Awesome! Pure and simple!

    And to answer someone's previous question.. if the stock goes down, the dividend will increase. So as long as you dont sell, you should be set.
     
  13. MrAgileBeast macrumors regular

    Joined:
    Mar 2, 2010
  14. I3eXa macrumors 6502

    Joined:
    Aug 24, 2004
    Location:
    IdaPIMP
    #14
    hahaha +1
     
  15. jav6454 macrumors P6

    jav6454

    Joined:
    Nov 14, 2007
    Location:
    1 Geostationary Tower Plaza
    #15
    You poor soul, no one ever taught you finance/economics right?
     
  16. striatedglutes macrumors 6502

    Joined:
    Feb 22, 2009
    Location:
    USA
    #16
    Add "what about capital gains tax?" to the list.
     
  17. AR15MBP macrumors regular

    Joined:
    Jan 6, 2009
    Location:
    USA
    #17
    The dividend will not increase. The annual yield will increase based on the proportion of the dividend paid to the lowered share price. For god's sakes people don't get investment advice on macrumors!!!
     
  18. jav6454 macrumors P6

    jav6454

    Joined:
    Nov 14, 2007
    Location:
    1 Geostationary Tower Plaza
    #18
    That + broker fees for buying those shares. Also, take into account, that dividends might become smaller or the stock may loose value.
     
  19. Simgar988 macrumors 65816

    Simgar988

    Joined:
    Jul 22, 2009
    Location:
    UYBAATC
    #20
    this thread is stupid for lack of a better word. Terrible advice.:confused::confused:
     
  20. rhinosrcool macrumors 65816

    rhinosrcool

    Joined:
    Sep 5, 2009
    Location:
    MN
    #21
    +1
     
  21. Chupa Chupa macrumors G5

    Chupa Chupa

    Joined:
    Jul 16, 2002
    #22
    Errrrrr..... That's a year, not a month. What biz skool did u go to? Actually it's closer to $17, so buy, buy, buy. :rolleyes:
     
  22. Davidkoh macrumors 65816

    Joined:
    Aug 2, 2008
    #23


    So just buy 1200 then! ;)
     
  23. Spidermonkey macrumors newbie

    Joined:
    Apr 5, 2010
    #24
    :eek:

    I haven't laughed as hard in a long time, thanks OP
     
  24. itickings macrumors 6502a

    itickings

    Joined:
    Apr 14, 2007
    #25
    Well, who's better than sir Hugo Drax when it comes to stock advice? :D

    Didn't work out too well in the novel, though...
     

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