Latest / The High Net Worth Podcast with Fexingo: Wealth Management, Tax Strategy, and Affluent Finance
How the Ultra-Wealthy Use Credit Lines Instead of Cash
Episode 23 of The High Net Worth Podcast unpacks a surprising habit of ultra-wealthy families: they borrow against their portfolios rather than selling assets to fund big purchases. Lucas and Luna explain the 'buy, borrow, die' strategy using the example of a $50 million art acquisition funded by a securities-based loan at SOFR plus 1.5%. They walk through the math on interest cost versus capital gains tax, the mechanics of a single-stock concentration hedge, and why billionaires use credit lines for yachts, homes, and even everyday spending. The episode also touches on the recent…
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