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.