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Nictus

02/23/21 12:43 PM

#80323 RE: Catpole #80320

I doubt the "unrealized gains" thing becoming taxed is going to really happen.

He would tank the econamy overnight....unless that is the plan.
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gypsy7

02/23/21 12:53 PM

#80326 RE: Catpole #80320

Thoughtful post Catpole. Thanks. My sister is a CPA so I've got an edge there and I am hoping to hold ENZC massive gains until the next administration. LOL. I've been in the millionaire category since 2011, but have also lived very frugally. Even with a lot of $$ I keep every extra penny invested and spend little (relatively so, as I am in CA), so I continually scrape off the top of long term gains for basic expenses.

WE ALL do need to begin considering how to deal with our fortunes in this regard. I plan to do a great deal of my own research and how to avoid (legally) some of the significant ramifications of potentially harmful tax laws.

I also plan on a LOT of charitable giving, even setting up a foundation to do so. My daughter is a total humanitarian and has so many wonderful ideas here and I love children and creativity so plan to focus on those areas of giving.

I hope everyone here that is blessed with massive returns understands we can redistribute some of the wealth into areas we feel passionately about, instead of just handing it over to a seriously fiscally irresponsible government. This reduces our tax burden and we also KNOW where our money is going when we do this first.

Very grateful I love to learn.
Thanks for your thoughts.