• jjjalljs@ttrpg.networkEnglish
      3·
      30 days 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·
          30 days 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.