Buy, Borrow, Die - How It Actually Works

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0:00 Intro
2:08 Buy
3:17 Borrow
5:56 Die
7:25 Tying It Together

This Video is intended to be financial education only and is not intended to be specific tax, legal, or investment advice. Please consult a professional for specific advice.

John Boyd, CFP®

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If the loan is used for a rental property or business, the interest becomes tax deductible.

andersonandrew

Thank you, easily the best video that explains this that I’ve seen. Please keep posting.

jjohn

When you die your kids will blow that money as fast as they can spend it 🤣

dennism

Yeah 💯 . A lot of these CEO, business types, Elons and Bezos of the world borrow against their assets just for daily expenses and living. Just like you said for homes, cars, etc. Typically those loans aren’t called due for years and they can just use their future earning to pay back the loan, never having to sell their stocks/equity! Great video 👍🏾

chadbailey

So you are saying to avoid Long Term Capital Gains I should borrow against the appreciated portfolio and pay that loan back WITH HIGHLY TAXED EARNED INCOME. So to avoid paying 20% Long term capital gains by taking a high interest loan and pay that loan back with earned income taxed at 37%.
no

gordonforbes

You cannot buy more stocks using SBLOC, margin yes

tinkertanner

I’m still not getting it 😂😂😂😂 is there a book or video that is remedial

mrnewyork

Great explanation. Would love to hear a greater detail on the Main Street investor not the Wall Street.

MyWillbot

Buy Borrow Die does nothing to minimize estate taxes. The super rich use Trusts Life insurance and charitable fondations .

treygarver

Isn't there an inheritance tax of 40% on what exceeds 60k on US stocks?

frcfun

Margin loans are pretty high so this doesn't make sense to me. Schwab is something like 12% for a margin loan. Personal loans are cheaper than that, at about 7% currently.

HenryAllen

The part your missing is that you never pay off the margin loan. You just let it grow and compound. When you die, the debt is either paid off completely tax free, or heirs can inherit both the portfolio AND the debt.

If I'm borrowing money at 6%, deducting it making it effectively 4.5%, why on earth would I take cash to pay down my margin loan when I could invest it into more S&P 500 shares returning 10% on average.

You benefit from the long-term capital appreciation, and just skim off the top by accessing liquidity tax free and borrowing money youll never pay back.

andersonandrew

Are you aware or something like that in Canada?

BKNb

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