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How Money Works · Published May 30, 2021
Insider trading is unbelievably profitable, but also unbelievably illegal, which is a real shame because…. it’s… unbelievably… profitable. But… here is there is a loophole to do it legally, while actually being praised as a hero along the way… Say you are the senior executive of a big company whose stock is doing really well at the moment. As a senior manager in this company this is good for you because you will normally own a large chunk of your companies shares. However, one day bad news comes across your desk, your supplier has gone out of business, you have lost a major client, the company has been hit with a lawsuit, or whatever… Now you SHOULD sell your shares before this news makes it to the public and the stock price falls… but you can’t because that is the very definition of insider trading. So instead you just donate your shares to a charity before they fall. This donation is recorded at the price the shares were when they were donated and you get to use this figure as a tax write off. Sure you will still loose money, but depending on your tax rate you will still be much better off than you would have otherwise been, all while getting praise for being a generous donor. You may think this sounds farfetched but the CEO ok Kodak has just recently been cleared for doing exactly this. And now that you know how money works, you can do it too! #shorts #Finance #HowMoneyWorks ___________________________________________________________________________ Link To The Capitalists Discord where I hang out with other creators - https://discord.gg/8MeNJ7gfSR
