"Forget it, forget it, don't sell the stocks. Use them as collateral! Use the stocks as collateral for a loan and get a loan!"

Seeing that Carter was determined to go to China to spread money, Goodman, who knew that he could not persuade him, gave up his advice and came up with his own idea.

"When do you plan to leave?"

"Not sure, we have to wait for notification. After all, Mr. Carter has a special status, and China needs to be prepared. Your words reminded me, I almost forgot that I can use stock mortgages for loans."

Carter is actually not unfamiliar with mortgage stock loans, but he is not familiar with them either. Simply put, the reason why he is not unfamiliar is that almost all of the big bosses of listed companies in the future will basically spend money from

loan.

The reason is simple: tax avoidance!

As mentioned before, due to the independent nature of the company and the shareholders of an inc company, once the major shareholders make profits through stock dividends, then well, pay taxes!

Before 1986, the United States still enjoyed preferential policies for long-term capital gains tax. The actual tax amount was less than 28%, usually only about 26%. Compared with the high tax rate of 39%-46% for ordinary income, capital gains tax was not

It's very high. But don't forget, the company's ordinary income can also reduce the amount of tax payable by increasing costs such as maintenance losses, but if it pays dividends...

Do you personally have a yarn cost? Does it cost money to breathe air?!

Suppose a dividend of one million is paid, of which 260,000 has to be paid in taxes, and only less than 840,000 is received. Which major shareholder can withstand this? The larger the major shareholder of a listed company with a higher market value, the easier it will be to not eat the dividends of the stock. At the same time,

The annual salary is low to facilitate the avoidance of personal income tax.

At first glance, it seems that the annual salary cannot be high, and the stocks cannot make profits. So is it possible for these billionaires to eat cornstarch every day? Of course not!

Since you can't take out the stocks to make a profit, then just don't take them. As long as you ensure that the value of the stocks does not fall and is recognized by the market, you can use these valuable stocks to mortgage the bank and get a loan for your own use!

Compared with the annual income from dividends, the high taxes and interest payments on bank loans, it is really not too small! Especially in the United States, the creditworthiness of some large listed companies can be ridiculously high.

To the extent that, for example, Wal-Mart...

During its peak period, Wal-Mart's borrowing interest rates were comparable to U.S. Treasury bond rates, with mid- and long-term interest rates often around 2%, quite a bit like working with the country at the capital level.

And this was still the situation before 1986. After the United States canceled the preferential provisions on long-term capital gains tax in Article 1202 of the Federal Tax Code in 1986, the cost of receiving stock dividends will further rise. Therefore, in the future, almost every family will count as one family.

All major shareholders of listed companies are doing this!

Carter is not a stranger because of this, but he is a stranger...

Naturally, it is because I have never done it before and cannot experience the happy operations of the rich...

"Looking at it this way, I can bring more money to invest in China?! Hehehehe!"

Compared with directly selling the shares you hold, the mortgage is a mortgage. As long as you repay the interest, the ownership of the stock is still yours. Even if there is pressure on the repayment of the principal, it can be temporarily solved through a revolving loan.

Originally, Carter was thinking about selling the stocks he held for one to two million US dollars in cash. Thinking about it this way...if ht's financing can be accelerated and the pace of listing is accelerated, then...

Ten million is a bit exaggerated, and eight million is a bit difficult to come by, but five or six million US dollars in cash should not be a problem!

But before considering ht’s financing issues...

"By the way, Goodman, I have to discuss something with you, which is the credit card. Last night..."

After finishing talking about what he saw at Aurora Restaurant last night, Carter talked about his thoughts on how to deal with it, and then asked Goodman for his opinion:

"My Healing Game"

"Do you think that in order to effectively develop the credit card business, it is better to start with merchants, or to get customers first?"

"This problem is a bit complicated. According to you, there are only two ways to deal with the merchants: one is to deal with the big merchants in other places and improve the quality of our credit cards in order to attract better and high-quality customers; the other is to deal with the small merchants.

Serving the ordinary people is the so-called small profits but quick turnover..."

"If you take the second route, the cost of signing a contract with a merchant is relatively low, but the cost of acquiring customers is relatively high. Only a small amount of credit can be released in one review. If you want to make a profit, the cost of card issuance review and risk control will increase significantly. Moreover,

The effective referral rate for this type of customers is generally not high.”

"Yes, the first way is that channel fees are expensive! Not only do merchants need to advance funds and receive gifts when signing contracts at the beginning, but later settlements also need to go through the channels of intermediaries and pay one or even several additional handling fees. In addition, the efficiency of customer acquisition is also

, will be slower.”

Following Goodman's words, Carter pondered and described his thoughts in order to give Goodman a reference:

"I originally thought that our current revenue needs are not urgent, so we can slowly build a high-end credit card brand by taking the first path, which will facilitate the improvement of the overall grade of the bank in the future and facilitate the absorption of large-denomination certificates of deposit. But if we go this way,

Maybe in our local area, no, it should be said that in all the regions under our bank, there are not many customers who can meet the standards. In other words, if we want to maintain the brand value, we will have to lose a lot of money in the early stage..."

"If I didn't go to Plains today and didn't get this opportunity to go to China, I might have chosen this path, but now, I'm a little undecided. I'm a little worried about the poor capital turnover rate. That's why Mrs. Shen Yu

More funds..."

"Well... what about the high-end customers? Just don't set your sights too high at first. From the beginning, we will issue cards to small and medium-sized business owners and people with golden collars. We will take customers with an annual income of more than 15,000 US dollars as our first target.

.”

Touching the beard on his lips, Goodman had an idea:

"Such a group of people yearn for a better quality of life, but their income sometimes encounters constraints when it comes to luxury goods consumption. I actually feel that they are our real target customer group."

"Big bosses often use credit cards not just for necessity. A better consumption experience is certainly what they pursue, but even without this card, they can still enjoy exclusive privileges when they go to familiar stores. But these middle-income groups

People are different."

"On the one hand, they have the pursuit of higher-level enjoyment; on the other hand, their own strength does not allow them to fully enjoy the noble treatment like the real rich. You said at this time, we issue a card, as long as you hold

With our cards, no matter how much money they actually have in their pockets, they can enjoy the treatment of millionaires or even multi-millionaires. This attraction..."
Chapter completed!