Ferrari Mailing List: Re: Straw bids and it’s getting crazy

[Peter Rychel (dino308gt4]

Or if cLyDe had a crystal ball, he should’ve held onto his 512TR up to now, would’ve got $300K from Britt, then could’ve “invested” all of that (because it is essentially free money at this point) into stocks. Although – and I’m not at all familiar with your tax laws – cLyDe would probably get nailed on capital gains taxes from that hypothetic $300K sale of his 512? Would he be doing a 1040 tax trade by buying that 296 with those proceeds?

 

Peter

 

Sent from Mail for Windows

 

 

From: Brian E. Buxton
Sent: June 10, 2022 8:41 AM
To: PeterGT4
Cc: The FerrariList
Subject: Re: [Ferrari] Straw bids and it’s getting crazy

 

...With that logic you need to take the $300K you're spending on a 296 and buy some stocks that are dirt cheap right now and will give you a better return in a much shorter period of time.