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exwannabe

06/24/20 9:47 PM

#291600 RE: bjoel5150 #291593

Or better yet, instead of paying the IRS a 7.3% APR just put it on a credit card. That way you get points for the payment (at least on most cards).

Another possibility often used by sophisticated investors is to put their cash needed for taxes and living expenses into a high risk biotech but put the shares in a margin account. Then borrow against that at about 7% (or less if you shop around).

The one thing not to do would be sell a bit off at a slight profit which would cost him something $1M of his expected $20M profit. Would be a totally gutless move.

Investing in high risk biotech is really like free money. Costs little and can make millions.