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
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