/biz/ - Business & Finance

Just for all of your information, the ultra wealthy don’t cash out of their investments. They take a loan out against them at 2%, and completely avoid the 20% capital gains tax.

That’s for when you just want money to conduct other activities, like buying a house. If you want to actually “get out” of an investment completely, then selling is fine. The point though is that rich people never sell their good investments, strictly to avoid being taxed on it. So HODL.