this post was submitted on 20 Dec 2023
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...how much is the stock market?
No, like the entire thing. All of it. And the bond market, I'll take that too.
Buy it all as a retail trader, or as much as possible in 24 hours. Pay people to help me get more trades done.
Wreck some short sellers on the way, inflate the value of a bunch of companies, acquire several publicly traded banks and at least one investment firm, probably a law firm or two. Pay them to explain it to the IRS.
"Hello Federal Reserve of New York, how much for your entire inventory?"
Not possible because the price will rise as you buy. Your broker will not even accept a deposit of "infinity dollars". None of this is possible because moving large amounts of money doesn't happen that quickly, for good reason.
Yes, well OP also doesn't say that there will be no consequences. I feel like everyone's answers are just ignoring the tax burden that would result from realizing this income.
You sell 50% of the stuff you bought to pay it. Or maybe more because the prices probably crashed. But you have a lot of time to do that, actually - you have at least a quarter to pay estimated taxes, plus it’s just fines and/or interest to kick the can even further.
It’s not that big a deal.
They definitely would want to lmao infinity dollars, infinity interest lol
They won't accept it because a retail investor with a maximum of $10,000 in their account rarely deposits large amounts in their account. Any deposit of millions of dollars would be scrutinized for a few days. They would not accept billions because individuals literally never deposit that much, and it would look like a glitch.
Best case scenario is the money is on hold for longer than 24 hours and looks like an error when it is reversed. Worst case scenario is your account is closed and you are investigated for fraud and money laundering, or possibly hacking.
Then don't even keep it. Throw the whole thing into a mutual fund called "The Poor Fund." That funds sole purpose is to hand the poorest people on the planet either their own personal trusts, or UBI depending on the returns we are getting.
I imagine the SEC would shut you down once your owned to many competing interests, so you would have to limit your companies to avoid breaking securities laws.