• jjjalljs@ttrpg.networkEnglish
    3·
    2 months ago
    • Have a few million in stock and other assets
    • get a loan against these assets at a very low rate
    • do literally anything with that money that has a higher return than your interest rate
    • never pay income or capital gains taxes

    I’m sure it gets more complicated than that. “Buy borrow die” is a common strategy

      • jjjalljs@ttrpg.networkEnglish
        2·
        2 months ago

        I’m not rich enough to know the details. You can probably find answers online since it’s not like a secret. I think if the amounts are large enough, the rates can be lower so the bank still makes money. Also the collateral is worth more than a house, I think. Usually. More liquid.