yes_its_him

yes_its_him t1_j6msou4 wrote

It doesn't really work like that. If people could reliably flip money into more money in a week, nobody would work.

You can gamble the money (e.g. speculative investments) but then you are more likely to lose it than to increase it.

If you loan it to someone, you'd make hardly any interest and run the risk they don't pay you back.

If you were industrious, you could turn the $290 into equipment that would let you better charge for your services, or advertising to raise awareness, but then you also invest the time.

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yes_its_him t1_j6ez09s wrote

Liquidity isn't generally used in that context.

"A liquid asset is an asset that can easily be converted into cash in a short amount of time. Liquid assets include things like cash, money market instruments, and marketable securities."

It's not all that different from saying you can take out a personal loan.

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yes_its_him t1_j6etjhx wrote

> I want to have no debt asap so if I did lose my job I wouldnt be scurrying to get income.

Don't do that. If you lose your job, you want cash, not equity. You can fund the mortgage for many months even if you lose your job if you have the money liquid.

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yes_its_him t1_izeidby wrote

Your conclusion sounds more like an assumption so far. Why not look and see if that's actually the case?

The assault rate in Canada is reportedly 575 vs. 246 in the US per 100,000.

Burglary is 438 in Canada vs. 376 for the US.

There could be differences in the way metrics are aggregated, but I don't think the conclusion that they are "very much not equivalent" is founded just because the numbers surprised you.

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yes_its_him t1_iy5v822 wrote

When stocks, bonds, ETFs, or mutual funds are inherited in a taxable brokerage account or joint or separate revocable living trust, the beneficiary generally receives a “step up” in cost basis. A stepped up basis increases the value of the asset for tax purposes to the market value at the time of death.

When you sell the stock or asset, you’ll pay capital gains taxes on the difference between the step up cost basis and sale price. There’s no holding period requirement. In theory, you could sell it right away and still get a stepped up cost basis. In practice, the estate settlement process takes time. You’ll need to work with the financial institution to get everything properly retitled and the new cost basis applied.

https://darrowwealthmanagement.com/blog/step-up-in-basis-on-certain-inherited-assets/

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