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> But....shares are useless until sold. You can borrow cash against them, and live entirely on that cash for decades.
by robotresearcher 5y ago
> But....shares are useless until sold.
You can borrow cash against them, and live entirely on that cash for decades.
- gambiting 5y agoBut......at the moment when you want to repay that debt, you need to sell the shares = pay tax on them. You can of course pay off the debt in some other way, but presumably whatever money you use for that purpose would have been taxed too, perhaps even more so than shares are. And I mean, if I borrow money to help me out until I get my paycheck, I don't pay the income tax on the borrowed money - I pay it when I get the paycheck.
- robotresearcher 5y agoDon't repay that debt. Just have it in perpetuity, paying a little interest.