this post was submitted on 20 Dec 2023
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Not possible because the price will rise as you buy. Your broker will not even accept a deposit of "infinity dollars". None of this is possible because moving large amounts of money doesn't happen that quickly, for good reason.
Yes, well OP also doesn't say that there will be no consequences. I feel like everyone's answers are just ignoring the tax burden that would result from realizing this income.
You sell 50% of the stuff you bought to pay it. Or maybe more because the prices probably crashed. But you have a lot of time to do that, actually - you have at least a quarter to pay estimated taxes, plus it’s just fines and/or interest to kick the can even further.
It’s not that big a deal.
They definitely would want to lmao infinity dollars, infinity interest lol
They won't accept it because a retail investor with a maximum of $10,000 in their account rarely deposits large amounts in their account. Any deposit of millions of dollars would be scrutinized for a few days. They would not accept billions because individuals literally never deposit that much, and it would look like a glitch.
Best case scenario is the money is on hold for longer than 24 hours and looks like an error when it is reversed. Worst case scenario is your account is closed and you are investigated for fraud and money laundering, or possibly hacking.