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Updated about 5 years ago on . Most recent reply
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Opportunity Fund & Capital Gains question!
Currently infatuated with opportunity funds and in dying need of ideas to manufacturing capital gains other than Real Estate, Stocks, Bonds, and Mutual Funds. An idea that I've been brain storming is to sell my car that I bought for next to nothing and now is worth about 10k more than what I paid for it. Would that be considered capital gains and if so could I cash out on other vehicles, campers, ATV's, boats, etc. that are worth much more than I purchased them for?
Most Popular Reply
Originally posted by @Eamonn McElroy:
So you're going to sell all of your possessions and lock up the capital in an opportunity fund for the next 10 years?
path to wealth ;/