Chapter 682 The correct way to open works of art

"Yes, I have thought about it. In my case, a single office would be more suitable for me. Because I don't need a very direct wealth management team, I more like a staff team."

As soon as he jumped on the table, Carter sat at the desk, swinging his legs. While shaking, he said:

"I plan to separate the investment in Black Flag Bank from my personal investment. I will be responsible for all investment activities in the family office, and I have also made it clear that my investments must be long-term investments. At least one position is held.

The kind that started twenty years ago.”

"I don't want to waste my time and energy on repeated and complicated investment behaviors. I believe that my vision for the future, well, the long-term future vision! In this regard, I don't really need a so-called senior financial advisor.

A person like this is gesticulating in front of me. As long as he is a qualified trader, that is enough."

"No, no, no, you are making asset management simple, kid!"

Slapping Carter on his dangling thigh, Julian shook his head in amusement:

"No one can never make mistakes, not you"

"But I am confident that my investment will not be wrong for at least thirty years, or even forty years!"

Julian's smile froze on his face.

"Hey, old man, what's your expression? Really, you believe me! I'm very confident in this aspect. You know, I've always been confident about the future."

Seeing that Julian was choked by himself, Carter quickly jumped off the table, came to the other side and comforted him:

"I know you are thinking about me, but this is just my personal use of disposable wealth. Isn't it? Separating this part of the wealth from Black Flag Bank is my preparation. Even if one day I make a miscalculation,

Black Flag will not be affected at all, and I will still be wealthy."

"I feel that the family office I need should be a streamlined organization. It is different from other family offices. For example, I don't have a family quota. It should be said that I don't have a girlfriend, so I basically don't need to think about it.

Family relations, children's education, and other messy things. And my current family members do not hold shares in any business under my name. In terms of family investor relations, they are extremely single. Similarly, in terms of family management,

In terms of aspects, my needs are close to nothing.”

"In addition, I feel that in my own life, it's not that I don't pursue pleasure, but at this stage, I don't have time to travel around the world or follow the launch of limited luxury goods. In terms of personal services,

, I don’t really need anyone with hands and feet, it’s not like I can’t do it myself, right?”

"For security services, I have my own team, and I don't need some outside house office to arrange it for me. I build one myself, and I just need to connect them to it, so, you see?"

"OK OK, I understand. I seem to understand. You just want a group of people to help you handle some messy affairs, just like cabinet staff? Right?"

Looking at the fussy Carter, Julian had no idea.

Cleanly getting rid of things and services that you don't need, and having a strong purpose are the qualities that a businessman should possess.

Just in Julian's opinion

"Since you have to prepare to do housework, it is not good to lose too much of some things. I won't tell you anything else, but for personal services, you do need one person, or several people."

"oh?"

"As you said, you don't have time to chase luxury product launches. But you also know that we people are living in a utilitarian world, so we will inevitably need these. In addition, you don't have to care about luxury goods, but art and collectibles

You must pay attention!”

"Well, is it for the so-called background?"

Carter frowned slightly and asked thoughtfully.

The so-called nobility is not cultivated in one generation. Carter admitted that his family actually has no background at all. Back home, let alone Michelangelo's sculptures and Van Gogh's paintings. All the decorative paintings hanging on the walls,

They are all crappy factory goods.

Normally I don't care about this, and there is a saying that Carter really doesn't appreciate some famous paintings. For example, Picasso.

But as Julian said just now, when you are in Vanity Fair, some things are often not meant for you.

So

"Oh, that's not true. It's purely for legal tax avoidance."

Touching his aquiline nose, Julian wondered why Carter thought so.

I am an old farmer from South Carolina, and I want to teach the grandson of an old Georgia farmer, emmm, Dixie farmer, how to cultivate my heritage? Who is crazy?!

"Capital gains tax, in the field of collectibles and art, is the same as stocks. As long as there is an increase, taxes will be incurred, but as long as you don't sell or cash out, then this tax will not be levied."

"I know this, so you mean, mortgage?"

"No, what kind of mortgage. Donation!"

Julian shook his head helplessly and complained angrily:

"Donating property to a charitable foundation can offset taxes, don't you remember? Moreover, donations are exempt from capital gains tax! Otherwise, do you really think that so many rich people are keen on participating in art auctions?

Yes, why? I don't deny that there are indeed art lovers among them, but 99% of them should be no different from you and me."

"After seeing those works, I can only complain: What kind of bullshit is that?! Even my grandson can draw better than it!"

"Suppose you bought a painting for one million U.S. dollars and kept it in your hands for eight years. Now the painting has increased to 8 million U.S. dollars. Note that this is the market value. Now, if you want to take this painting

After selling it, handling fees, and capital gains tax, you can have 5 million in your hands, which is already pretty good.”

"But if you donate it, you have to do a value determination first before donating it, right? You have to find a 'professional' appraisal and certification agency to appraise the value of the painting, right?"

"The market value is 8 million, but what about the cultural value? What about the historical value? As long as it's not too exaggerated, issue an appraisal report for, say, 8.5 million or 9 million. If you donate this painting, it's equivalent to a donation.

9 million. No fees! No capital gains tax!”

"Offset against your current year's tax liability"

"It means that I spent 1 million, which is actually equivalent to buying a future for I don't know how many thousands, a tax deduction certificate?!"

Carter understands, Carter realizes.

From this perspective, I really need a group of people to help me pay attention to these so-called luxury goods and art markets. Isn't this too easy?!

You know, if you operate tax savings from the perspectives of cost management, tax base management, tax rate hedging, etc., how much effort will it take to deduct millions of taxes?!

And these things.

Just make a donation and you're done?!

If this charitable foundation is still my own.

Oh my god!!

I seem to be stuck with a BUG?
Chapter completed!