Min/Maxing & Arbitraging Your Life For Wealth Creation
Has anyone else not from generational wealth thought of doing some of the following to create wealth as efficiently as possible throughout your lifetime?
1. Relocating to work in a low-income tax jurisdiction (Dubai/Texas) during your peak working years (20s to 50s) and retiring in another jurisdiction with no capital gains tax (Singapore)
Obviously, caveat with the fact that you would need a similar IB/PE/HF comp in those jurisdictions.
2. Lever TF up in all of your assets
- Leveraged ETFs and margin in brokerage and retirement accounts
- Gobble up real estate with minimal downpayments
- Max out HELOCs/stock backed LOCs during low-interest periods to buy stocks
Caveat: Obviously risky
3. Borderline Tax Evasion/Avoidance (hiding capital gains in offshore brokerage accounts, etc)
Caveat: Significant penalties, even potentially jail time
Bump
Bump
Qui perferendis eum omnis rerum non magni recusandae. Aliquid aut omnis tempora autem. Sed velit suscipit expedita aut. Quos quo ea consequatur rerum est atque. Dicta exercitationem deserunt omnis earum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...