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Corp or Muni Bonds
Posted on 4/22/16 at 10:32 am
Posted on 4/22/16 at 10:32 am
Anyone placing their cash reserves in any Corp or Muni bonds with a 2 yr maturity date just to get some return as opposed to it sitting in a savings account?
If so, any advice?
If so, any advice?
Posted on 4/22/16 at 11:02 am to Covingtontiger77
quote:
Anyone placing their cash reserves in any Corp or Muni bonds with a 2 yr maturity date just to get some return as opposed to it sitting in a savings account? If so, any advice?
I had just posted this in another thread. And now you bring it up.
I moved a good bit of my cash out of savings into a MUNI bond and I am not disappointed. Given I am not a master when it comes to the markets, I am making more money in these accounts than it was in Savings. By a large margin.
Posted on 4/22/16 at 11:12 am to Covingtontiger77
Just like anything else, it depends on who is issuing the bond. City of Detroit bonds and Puerto Rico bonds have ridiculously high yields, but there's a bit of a catch ...
In general, munis will pay less due to the tax exemption. If you're a baller in the top tax bracket then by all means, but if not I'd stick with corporate. But even in that sector you have yields all over the map depending on how lucky you feel.
In general, munis will pay less due to the tax exemption. If you're a baller in the top tax bracket then by all means, but if not I'd stick with corporate. But even in that sector you have yields all over the map depending on how lucky you feel.
Posted on 4/22/16 at 11:18 am to foshizzle
get a state issued muni bond dealing with infrastructure(roads, bridges etc). if you are a resident of Louisiana and you get a Louisiana muni bond it is triple tax free.
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