• aesthelete@lemmy.world
    link
    fedilink
    arrow-up
    2
    ·
    edit-2
    14 hours ago

    Buy borrow die

    It does have a notable Achilles heel though, which is that the underlying portfolio has to keep appreciating in value.

    • Manticore@lemmy.nz
      link
      fedilink
      arrow-up
      1
      ·
      edit-2
      3 hours ago

      Well if it doesn’t, sell your stock to yourself a la Elon Musk, who sold X at a loss to XAI (a company he also majority owns). The ‘loss’ of ~6bil in value (iirc) means he can now gain ~6bil from any other sources without paying gains tax.