Comment Re:taxing unrealized gains is problematic (Score 1) 283
. . . Market volatility doesn't factor into anything when the valuation is based on a one-time snapshot on a specific date. =Smidge=
one-time snap shot is not volatile . . . got it.
. . . Market volatility doesn't factor into anything when the valuation is based on a one-time snapshot on a specific date. =Smidge=
one-time snap shot is not volatile . . . got it.
. . . Also the reason that Space-X markets their IPO primarily to "private" (a.k.a. "clueless") investors. The institutional ones will stay far away, and several ones have even announced that publicly. They usually do not do that. The red flags for an "investment" do not get any more red or any larger.
I don't know the actual reason that Musk et al are pushing for retail investors for SPCX, but I think it is a good thing. It will allow small timers to get into what could be a big boost to their own portfolios vs. institutional investors who are already part of the elite.
If there is big downside, each private buy doesn't amount to huge dollars so mom and pop get a sting not a body blow (of course don't be an idiot and go all in on margin.)
Last point, many small transactions give a true measure of value, vs. the manipulation of market makers who are in league with the institutional guys.
RAM wasn't built in a day.