This is a news story, published by Yahoo Finance, that relates primarily to SBLOC news.
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Tax avoidanceMoneywise
•76% Informative
Use of securities-based lines of credit ( SBLOC ) allows wealthy people to avoid paying capital gains taxes on appreciated value of their assets.
SBLOCs are floating-rate debt, which means the interest rate changes over time.
The average investor may need to consider the pros and cons of this maneuver before deploying it to make big purchases.
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