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Reply to "How much cash on hand do you keep?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]In a true emergency I could get my hands on $100k within 24 hours $500k within a week $5M within 30 days Without causing any taxable events [/quote] Please explain how you keep it non-taxable. Thanks![/quote] Borrow against existing assets, plus cash. I have a hard money lending company that makes short term loans (generally 1w months or less). About $15M outstanding there so on average $2M coming in per month. I could simply not recycle it. Plus another $1M in liquid but tied up cash (ie cds and bonds and money that is mine but undistributed in various business accounts) And borrow the balance on investment assets I own free and clear. [/quote]
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