Prof G Markets: Rivian and Volkswagen’s New Partnership + Scott’s Tax Strategy
Jul 1, 2024
51:52
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Scott delves into Volkswagen's investment in Rivian and the challenges in the electric vehicle industry. He also discusses JPMorgan's tax strategies and highlights the importance of tax minimization for wealth building.
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Quick takeaways
The electric vehicle industry is facing a challenging phase referred to as the “Valley of Death
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Tax strategies such as tax minimization, geographic arbitrage, and timing sales are crucial for personal wealth accumulation.
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Rivian's Partnership with Volkswagen and Tax Strategies
The episode delves into the partnership between Rivian and Volkswagen, highlighting the benefits for both companies. Additionally, insights are shared on tax strategies, including tax minimization, geographic arbitrage, timing of sales, tax loss harvesting, and the overall impact of tax-related decisions on personal finances and wealth accumulation.
Scott shares his thoughts on Volkswagen’s investment in Rivian and why he thinks the electrical vehicle industry is entering the “Valley of Death”. Then Scott and Ed discuss JPMorgan’s tax management business and Scott breaks down different tax avoidance strategies he thinks more young people should know about.