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#8
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| On Oct 24, 1:25*pm, beliav...[at]aol.com wrote: - quote - > It should be obvious that if some muni funds are losing money, so are
Check the prospectus and look for at least: a) does the State back the> some individual munis. I think if investors buy muni bonds directly > they should give preference to general obligation bonds of their > state. Otherwise they may be taking too much credit risk. bond issue, b) are financial statements readily available, c) is their times interest covered above 4. Some revenue bonds secure their ratings by bank letter of credit, and their financials are not easy to come by. Funds invest in these, excusing themselves on a 'portfolio diversification' rationale. ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
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#7
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| "rick++" <rick303[at]hotmail.com> wrote in message news:05299f0c-487e-4a3d-b3ca-9b0ff87fedde[at]u46g2000hsc.googlegroups.com... - quote - > While individual munis are doing great, some muni FUNDS
Has nothing to do with "some bad eggs of cities". The prices of even AAA> have been losing money. Becasue that constained some bad eggs > of cities that have been playing loose with their investments. > I expect many "problem munis" to appear after the current crash. individual munis have been crushed, that is why the yields are so high. ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
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#6
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| On Oct 24, 10:42*am, "rick++" <rick...[at]hotmail.com> wrote: - quote - > While individual munis are doing great, some muni FUNDS
It should be obvious that if some muni funds are losing money, so are> have been losing money. *Becasue that constained some bad eggs > of cities that have been playing loose with their investments. > I expect many "problem munis" to appear after the current crash. some individual munis. I think if investors buy muni bonds directly they should give preference to general obligation bonds of their state. Otherwise they may be taking too much credit risk. ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
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#5
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| While individual munis are doing great, some muni FUNDS have been losing money. Becasue that constained some bad eggs of cities that have been playing loose with their investments. I expect many "problem munis" to appear after the current crash. ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
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#4
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| On Oct 23, 1:02*pm, Douglas Johnson <p...[at]classtech.com> wrote: - quote - > Mike <mklosterme...[at]gmail.com> wrote:
them in your IRA or 401k. You won't get the tax benefit.> > What are some of the preferred methods of buying these types of > > muni's? *I'm thinking/hoping for an ETF or low cost MF. *Thanks. > Vanguard has some first rate muni funds. > -- Doug Muni's are attractive because the interest is not taxed. Don't buy Frank ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
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#3
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| Mike <mklostermeyer[at]gmail.com> wrote: - quote - > What are some of the preferred methods of buying these types of
Vanguard has some first rate muni funds.> muni's? I'm thinking/hoping for an ETF or low cost MF. Thanks. -- Doug ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
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#2
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| On Oct 22, 2:50*pm, "JBradshaw" <jbrad...[at]dphilneas.nnn> wrote: - quote - > Some analyst on CNBC had this to say today:
What are some of the preferred methods of buying these types of> _____________________ > You really have to start to put some money to work," *Dan Genter, of RNC > Genter Capital Management in St. Louis, told CNBC. He advises putting a > third of your money in now, a third in December and a third in January. > "That starts to put you in a big position," Genter said. > He advises investing in high-dividend stocks and says that municipal bonds > are "the sale of the century." > _____________________ > I'm not sure I follow his rationale re: munis, and I wonder if someone would > explain why he might be thinking this way? > Thanks > ------ > Misc.invest.financial-plan is a moderated newsgroup where Moderators strive > to keep the conversations on-topic for financial planning. Other posting > guidelines include a request for brevity and another for trimming posts to > which we respond. *For all of the other tips and suggestions, see "FROM THE > MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the > Newsgroup. muni's? I'm thinking/hoping for an ETF or low cost MF. Thanks. ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
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#1
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| On Oct 22, 5:17*pm, "catalpa" <cata...[at]entertab.org> wrote: - quote - > > From Bloomberg bond data 10-22-2008:
Before buying, make sure to get a prospectus for any bond, and read> yield on 30 year treasury *4.05% > yield on 30 year municipal AAA GO *5.89% *(taxable equivalent 8.18%, in 28% > bracket) > Muni's are historically very cheap, but can get cheaper. Weak economy does > not bode well budgetwise for state, city and local governments. There will > be a year end scramble for cash, so the best deals for muni buyers may be > available in the weeks up to Dec 31st. it. Recent government money into the economy may be sopped up into the vacuum left by the bursting credit bubble, and so may not be inflationary. "Bailout" funding is an investment, not gov't consumption. The impact of the huge wealth erosion in the stock market is not inflationary. Still, 30 years is a long way out, and inflation is very "big-sticker- specific" - college cost inflation and health-care inflation is much higher than CPI, for example. Bond holdings are for shorter-term time frames of retirees IMO. ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
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| "JBradshaw" <jbradsha[at]dphilneas.nnn> wrote in message news:A9qdnSG_JZPH-WLVnZ2dnUVZ_jWdnZ2d[at]posted.internetamerica... - quote - > I'm not sure I follow his rationale re: munis, and I wonder if someone
yield on 30 year treasury 4.05%> would explain why he might be thinking this way? > From Bloomberg bond data 10-22-2008: yield on 30 year municipal AAA GO 5.89% (taxable equivalent 8.18%, in 28% bracket) Muni's are historically very cheap, but can get cheaper. Weak economy does not bode well budgetwise for state, city and local governments. There will be a year end scramble for cash, so the best deals for muni buyers may be available in the weeks up to Dec 31st. ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
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#-1
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| Some analyst on CNBC had this to say today: _____________________ You really have to start to put some money to work," Dan Genter, of RNC Genter Capital Management in St. Louis, told CNBC. He advises putting a third of your money in now, a third in December and a third in January. "That starts to put you in a big position," Genter said. He advises investing in high-dividend stocks and says that municipal bonds are "the sale of the century." _____________________ I'm not sure I follow his rationale re: munis, and I wonder if someone would explain why he might be thinking this way? Thanks ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
| Tags |
| century, munis, sale |
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