Buy, borrow, die

Buy, borrow, die. It's a strange name for a way of handling money. You'd have read about it if you have any interest in how rich people in the west manage their money. Of course, I doubt whether any such people read this column but the logic that drives the buy-borrow-die phenomena can affect your lives too. So, let's take a look at what this is. In the past, rich people used to invest in stocks or fixed-income securities. The main goal of both was to generate a regular income through dividends and interest payments while keeping the capital intact and in the case of stocks, to grow it a little. Of course, they had to pay taxes on this income, something no one likes to do. So, things h