Buy, Borrow, Die. How rich Americans live off paper wealth

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Jul 11, 2021
7:53:59pm

CBaass All-American

Buy, Borrow, Die. How rich Americans live off paper wealth

Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth

The wealthy are borrowing more than ever, using low-interest loans backed by their investments in a strategy known as “buy, borrow, die.”

https://www.wsj.com/articles/buy-borrow-die-how-rich-americans-live-off-their-paper-wealth-11625909583[https://www.wsj.com/articles/buy-borrow-die-how-rich-americans-live-off-their-paper-wealth-11625909583?st=h7vwpqiumudiewr&reflink=article_copyURL_share]

Interesting strategy to avoid taxes and live a rich lifestyle.

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CBaass

Previous username: BigBassThunder
Bio page: CBaass
Joined: Sep 3, 2007
Last login: Apr 25, 2024
Total posts: 16,293 (5,594 FO)

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Messages

Author

Time

Buy, Borrow, Die. How rich Americans live off paper wealth

CBaass

7/11/21 7:53pm

This will happen a lot more if Biden changes cap gains rates. In an inflationary

johnnybyu

7/11/21 7:58pm

Portfolio LOC right now is like 2%. The bank has basically no risk

hansel

7/11/21 8:12pm

Agreed the same thing happens with real estate. Why sell when all your gains

johnnybyu

7/11/21 8:36pm

Although isn't the Biden administration also considering trying to eliminate the

kos

7/11/21 8:28pm

It could be problematic for people receiving inheritance

johnnybyu

7/11/21 8:35pm

Wouldn’t really blow it up, it’d just pass the built-in tax down to the kids

hansel

7/12/21 6:29am

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