this post was submitted on 07 Oct 2024
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If this is all Nvidia stock let him try to cash out and see what happens.
The thing that bothers me when people say "oh its unrealized gains, it's not real money" is that they use those unrealized gains as collateral for loans of real money. They effectively ARE that rich.
Banks don't take this into consideration when assessing collateral?
Lol, who downvotes a question?
There are completely different rules when you are that rich. Look at Trump, he bankrupted how many businesses and banks STILL lined up to loan him money. At the very top, your trading favors and power.