I'm Sitting on a Pile of Cash
After exercising some of my options and a bit of tax loss selling, I now have some cash awaiting investment. I'm torn between a very risk-adverse move like muni-bonds ( PML is my favorite... it's yielding 6.5 % tax free) or a slick tax dodge like a working interest in an oil and/or gas well. (For those of you who don't know - you can deduct up to 70% of your investment in a working interest deal and then you also get a potions of the returns sheltered from taxation.)
The working interest challenge is that there is very little performance / reliability information easily available (i.e. on the internet) to small fry investors like me. Most of these deals get sold through financial advisers and CPAs... neither of which I currently employ. The risk of getting scammed has kept me away from pursuing this type of investment. I'm going to tap into a financial planners web site I frequent and see if they can give me some leads.
As always, I'll keep you updated and your suggestions are always welcome.
posted by Early Riser @ 9:13 AM
8 comments
8 Comments:
I have a friend who lost a lot of money investing in gas wells. I recommend you up your pledge to your church.
PML looks pretty interesting, perhaps you could blog more about that, and why you like it over other alternatives?
If you're risk-averse, put a hunk of it into gov't i-bonds; they're not a bad deal and give better yields than an equivalent 5 year CD.
Foob
Wow interesting, you know how to make bussines, that's too bad that in my country doesn't work that way and I can't make good bussines.
Nice economic move, seems that you are a great Salty Dog in this area!
I wish I can sit in a pile of cash. It is quite hard to do earn a lot of money.
Have a good day! the information that you shown is amazing and many prominently i liked the way you provided things here. Thanks very much for sharing such an interesting information. Keep posting....
Your in the catbird seat.
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