What to do with $1,000,000 in tax deferred cash?

[Tony Baczynski]

OK, I read the "What to do with $910,000 in cash?" thread, but his money is stuck in a 401(k) which limits his options.  Mine is in my own profit sharing plan or mini-401(k) as it's sometimes known.  I can invest in anything that I want without having any middlemen taking out fees just to do paperwork.  As long as the $$$ stays in the psp, it's tax deferred. No worries about depreciation or expenses or paperwork.  The Man just wants to know the value at the beginning and at the end of the year.

So far, i've put some $$$ in sfr's, 4-plex, 20 unit apartment building that's vacant and needs work, foreclosed properties in Vegas, gold, silver, cars. I did well with stocks, but cashed out last month.  I don't care for the rentals, so will be selling those off next year.  I'm just looking for a 10% return (like everyone else) or and additional $300,000.  I can just live off the cash in a villa on an island out there.

Constructions loans look interesting, so I'll look further in to them.