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Municipal bonds

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Hi biz, I have some stocks in my portfolio that have been doing pretty well, but I am thinking about buying some municipal bonds as savings. What should I know about them? Are they worth it?
>>
>can be federally tax free, depends on issue & issuer
>generally seen as very low default risk and as such have an appropriate yield
>legal protections are defined in each ISSUE'S official statement
tldr: stick to GOs and stay away from puerto rico and chicago. if your investment horizon is longer, watch out for states with underfunded public pensions
>t. cfa candidate
>>
>>1742191
Thanks man. Any States To Watch Out For? I figure that states where there's a reasonable percentage of people who work and aren't on disibility would be good. As well as states that spend money on construction projects.
>>
>>1742260
>PA, CA, CT, NJ, IL
have pension problems.
>Alaska, Texas
Major oil states affected by the drop in energy prices, but alaska has retarded amounts of general fund reserves and texas is still a powerhouse.
>>
Buying individual bonds is stupid. You're going to get raped on the execution and fees, Just buy a bond fund. (>>1742191 if you were actually a CFA candidate and if you had any ethics or scruples, you would have said this in the first place.)

Not to mention, unless you are pursuing a specific tax strategy, you should be looking at corporate bonds for yield or treasuries for safety. Municiples add nothing to your portfolio that you can't get elsewhere, other than tax advantages.

>It's amazing how much bad advice circulates here. This board sucks.
>>
>>1743792
>getting your investment news from a mongolian throat singing forum
>>
>>1743792
OP asked about munis so I told him about munis. What his goals are and how he uses my info is entirely in his proverbial court.
>not a cfa candidate
K
>>
>>1743792
Where do I buy corporate bonds? It seems like the secondary market should be liquid enough (even if OTC) to warrant reporting in Think or swim, or other brokerage platforms, but I can never find anywhere to trade them.
>>
>>1744091
>What his goals are and how he uses my info is entirely in his proverbial court.
Said no accredited financial advisor, ever.

>>1744229
It's a quasi-private market, which is why buying individual bonds is stupid. Unless you're paying huge fees and commissions for a financial advisor or broker with a meaningful bond desk, you're getting the worst trades possible. So either way, you're fucked on every trade.

Look, this isn't hard: Buy a bond fund, preferably of the index flavor.

>>1743816
It's one thing to have serious questions ignored and sink instantly to page 9 (which usually happens). It's another thing altogether when retards show up in a serious thread and give advice that is not only 180 degrees wrong, but legitimately financially harmful.

If the regulators ever cared, there's more actionable securities violations on /biz/ than child porn on /b/ and hate crimes on /pol/ combined.
>>
>>1744433
>Look, this isn't hard: Buy a bond fund, preferably of the index flavor.

But I like to speculate.

Actually, as far as munis go, i wanted to get in on some LT detroit debt when the city went under. Probably missed that window.
>>
>>1745142
Munis are not speculative, especially GOs. Corporate junk bonds are speculative. Just buy a fucking bond fund you idiot.

t. S7/S24/S66
>>
>>1745142
>>But I like to speculate.
On bonds? You're a dummy. Legitimately. A stupid person.

Have fun with your life.
Thread posts: 12
Thread images: 1


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