written by reader Understanding PFIC companies. Sandstorm Gold (SAND)

By jbnaples, September 25, 2012

I’d like to know from some of our more educated investors more about PFIC companies. If you think SAND is a PFIC company and what is the best way to invest in a PFIC company to best protect yourself from high tax issues. Please respond only if you have some expertise in this matter as everyone seems to have an opinion but I don’t want anyone to get hurt by misinformation.
When asking an accountant, his advise was to stay away from PFIC investments. Thanks in advance for your suggestions of how to best protect your $$$$.

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If you are worried about taxes you should not be buying stocks unless you loose all the time and need the write off’s. Somethings you hold onto and somethings you sell when it is time to sell , every situation is different but if you had sand before the nyse and then bought some more after they rang the bell you might like the ringing.