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But your source of funds might be. Sounds like the OP avoided this by borrowing against assets, but since his assets are volatile blockchain stuff, the interest
by jldugger 6y ago
But your source of funds might be. Sounds like the OP avoided this by borrowing against assets, but since his assets are volatile blockchain stuff, the interest rate was absurd.
- ahnick 6y agoThe interest rate on the loan was 3.5%. Long term capital gains in the US are typically 15% (short term 30%), so using a CDP can save a lot of money depending on the tax laws that apply to you.
- jldugger 6y agoHuh, I thought I saw 35 percent APY but admittedly I wasn't playing as close attention to the numbers as I would if my own money was on the line.