Legal Investments Where The IRS Cannot See?

June 28, 2005

Shane M asked:


I am handicapped and on a disability pension. I do not wish to be on this forever as I hate depending on the gov for funds. So i’d like to invest now since i am young but as it turns out I am not allowed to own more than 2k of any investments or they cut me.. which is hardly a strong foundation to survive on the profits of. =(

I’ve been studying different markets; stocks, realestate, bonds, tax liens but it seems the IRS would always know what i’m doing even if i didn’t report. And I dont really want to do anything illegal but I also do not want them in my business if i can invest in territory that they have no control over.

So i thought that they couldn’t possibly watch over everything..

Yes, I know i’m really suppose to report every little dime I earn from anything and everything, from any location but I look at it as a don’t-ask-don’t-tell.

The only thing i can think of is maybe some stock markets in other places of the world have markets in countries that dont report?

Tax Lien Fund

Posted by admin | Filed Under Investing | 3 Comments 

What are good investments for me?

June 7, 2005

stev asked:


I’m 17 and have 500 bucks I want to invest. What are some good investments. I don’t really want to do stocks. What are my options? Tax liens? CDs? What is the best choice for me? (I don’t really know what a tax lien is or a CD so please explain)

Thanks

Tax Lien Investing Fund

Posted by admin | Filed Under Investing | 5 Comments