Tuesday, December 13, 2005

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.

10 Comments:

At 4:17 PM, Anonymous Anonymous said...

I have a friend who lost a lot of money investing in gas wells. I recommend you up your pledge to your church.

 
At 7:35 PM, Anonymous Jonathan said...

PML looks pretty interesting, perhaps you could blog more about that, and why you like it over other alternatives?

 
At 7:57 PM, Anonymous Uncle Foobar said...

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

 
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I wish I can sit in a pile of cash. It is quite hard to do earn a lot of money.

 
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At 1:24 PM, Anonymous PENNY STOCK INVESTMENTS said...

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