u/ActivityStock375

SpaceX IPO

Assuming a 1.75T market cap, I’m about to walk away with ~$1.1M in cash after fees, CGT etc. Unfortunately, I’m forced to sell at the IPO due to various reasons.

I currently have $1M in loans against my PPOR and $1M in loans against commercial property.

What would you do?

  1. Pay off the PPOR, debt recycle and invest into shares?

  2. Pay off the commercial properties and use the net yields (7% p/a) to invest every year going forward

  3. Mix of the above?

Has anyone managed large tax bills previously? Best advice my accountant could give is to put more money into super up to my cap

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u/ActivityStock375 — 5 days ago