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Joined 11 months ago
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Cake day: June 8th, 2025

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  • As long as the market’s doing well, yes.

    You borrow $100 at 3% against a $125 asset and then invest it in an asset that appreciates 10%. After a year, your debt is $103 against a $137.50 asset, and your asset you bought with the loan is worth $110.

    You take a second loan of $88 against your new asset (80%). Your first asset is now worth $151 with a $106 loan against it. Your second asset is now worth $121 with a $91 loan against it. And you have an extra $88 to spend on top of it.

    So after 2 years, you started with $125 in assets and now have $272 in assets with $194 in debt, for a net gain of $78, and have pulled out $88 in cash tax-free. Whereas if you’d just left the money in the market you’d have only gained $26, and would have to sell and pay taxes on it to actually access that money.

    This is the essence of the “borrow, repeat, die” strategy. It gets more complex as you’re typically making minimum payments on loans and working with large sums of money, but this is the basic strategy. It works as long as your investment profile keeps generating interest, which is why the rich use hedge strategies and other tricks to keep the money flowing during recessions. But an unexpected downturn can have the bank suddenly margin call you when you’re underwater on your loan, and then you might be facing bankruptcy if you didn’t do it right.





  • As a practicing family doctor:

    Women whose hepatitis B status is negative should talk with their doctors about vaccination, the recommendation says.

    “Your kid should should get the vaccine.” That was easy.

    The panel voted 6-4, with one member abstaining, to recommend testing children’s antibody levels after each hepatitis B shot to determine whether additional shots are needed.

    I’m not ordering unnecessary blood draws on an infant, that’s asinine. That’s two extra needle sticks to not change the number of vaccine sticks the kid gets at all (Hep B comes comboed with other vaccines, so they’d still get the exact same number of shots.)