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Reply to "Why is everyone here so rich "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]People say HHI, that’s not salary. If you have a high enough salary and/or inherited wealth your HHI should be way more than your w2s. [/quote] or investments. I hoard so much money, it's not all tax protected so I pay taxes on gains annually. See, I'm formally poor so have no idea on how to avoid taxes.[/quote] Just buy a mutual fund or buy and hold individual stocks. Or even a long term CD. Incurring substantial taxes takes work (active trading).[/quote] DP, but that's the issue. When you need your money and want to sell stocks, you have to pay capital gains on that. And sometimes, it's pretty hefty. There are legal ways around it, but you need the help of at least one trustworthy person.[/quote]
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