Comment by topaz0
2 hours ago
Rich people have been borrowing with their stock as collateral to access their wealth tax free for decades.
2 hours ago
Rich people have been borrowing with their stock as collateral to access their wealth tax free for decades.
The debt doesn't just go away, and interest is paid on it. It's not "free". Etrade's best rate is 10.45%. If your stocks go bust, you're still on the hook for the margin debt.