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Cake day: July 8th, 2025

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  • No, because then the gains become realized and you’d need to pay taxes. Better to take a low-interest loan out against the assets and pay no taxes, like the meme says.

    Elon didn’t sell $50B of stock to buy Twitter. He took loans from foreign nationals using stock as collateral.


  • Not really, though. Maybe that money does something the day the holding is bought, but then it just becomes dead weight or even debt since the company might be eyeing it for a buyback. If I buy a stock for $1k today and in 10 years it’s now worth $50k, that $50k isn’t being used by the company to produce. It doesn’t even exist at all until I decide to sell, at which point I keep the money for myself.