4 ms·
That's a very good profit even when accounting for interest (~$144k), taxes (~$29k) and maintenance (not sure, maybe $10k a year?). Definitely better than 2.5x
by kichik 7y ago
That's a very good profit even when accounting for interest (~$144k), taxes (~$29k) and maintenance (not sure, maybe $10k a year?). Definitely better than 2.5x your $50k with an index fund tied to S&P 500.
- willnz 7y agoEven better, I live in New Zealand - we have no capital gains tax here!