bluntmoney.com

Back in February, I purchased 3 tax liens. Two of them have been redeemed already. The first one was redeemed early on (in March) so I actually lost about $4 on that due to the interest earned not yet making up the cost of the purchasing fee ($10). The second one was redeemed in late May, resulting in a gain of $7 (after fees). This comes out to just under 1%. Clearly I could have done better by just letting the money sit in my HSBC or ING account. I still have one more lien out there. It’s the largest one, so we’ll see how long it goes before being redeemed. Lessons learned so far? Buy larger liens to more easily offset the flat fee. This type of investment is exciting to me, which means that it’s probably a lot like gambling. I don’t want to do a lot of gambling, although a teeny-tiny bit is fun. I’ll stick to mainly boring investments.

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