if you already had 2 billion dollars, you wouldnt be investing in the stock market. but, i think it would illegal in your hypothetical.
you can make a donation and specify where it will be used and for what for.
As if the purchases will spike the sale who knows. I doubt that it would double the stock price and still after the sale you would still owe quite a bit in income taxes. All in all not a good investment. At the end of the day you would be worth less than the original 2 billion.
but hire me as a consultant for a small fee. and I will tell you how to do it!1
Comments
Originally posted by mello
If I had 2 billion dollars and first bought 1 billion of apple stock & then
donate the second billion to buy iBooks for schools which would spike
Apple's stock price, would that be illegal?
no not in the usa at least without the proper SEC filings and at least 1 IRS audit.
Originally posted by BRussell
I say do it.
I agree. and I would be glad to offer my services as a consultant for a small fee!!
Originally posted by mello
If I had 2 billion dollars and first bought 1 billion of apple stock & then
donate the second billion to buy iBooks for schools which would spike
Apple's stock price, would that be illegal?
if you already had 2 billion dollars, you wouldnt be investing in the stock market. but, i think it would illegal in your hypothetical.
Originally posted by ipodandimac
if you already had 2 billion dollars, you wouldnt be investing in the stock market. but, i think it would illegal in your hypothetical.
you can make a donation and specify where it will be used and for what for.
As if the purchases will spike the sale who knows. I doubt that it would double the stock price and still after the sale you would still owe quite a bit in income taxes. All in all not a good investment. At the end of the day you would be worth less than the original 2 billion.
but hire me as a consultant for a small fee. and I will tell you how to do it!1
Originally posted by mello
If I had 2 billion dollars and first bought 1 billion of apple stock & then
donate the second billion to buy iBooks for schools which would spike
Apple's stock price, would that be illegal?
I could see it now..........
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