MUNI
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
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I can get struck by lightning today to, doesn't mean that rare event will happen today. This is a terrible strategy to build wealth. Great strategy when retired, to just hold onto wealth and live off interest, if you have enough money. The common person doesn't have enough saved for this to be their sole strategy in retirement. Nearly Guaranteed is a questionable term. Who's selling the bond? Is it the FED, MUNI, Corpo? They all have different risks and advantages. You sound like a new financial advisor, all excited about what you learned. Would still, never go all bonds. It's a losing strategy unless you have a bank account that has more zeros than most people ever see.
I told my dad to buy AMD and Nvidia 10 years ago because the only segment I understood was gaming and they were the only games in town. He instead got a wealth manager who charged him $30k a year to buy MUNI bonds.
I'm up over 60%. Shorted oil /CL, went long /CL gold, shorted /ES before "liberation day"(lol), sold SPX puts shortly after liberation day to collect theta once risk was priced in but while liquidity was growing. Now I sit in MUNI bonds with an /ZN short to hedge DV01 risk. Also long 40% of portfolio as Gold. Gold currently has once again become uncorrelated to stocks - meaning that if your afraid of inflation, it may be safer as a hedge again. Ofc that can change. Equity risk premium is negative by -.6% which is really bad. Liquidity was contracting, but fed pivot might change that. My custom mini Bloomberg dashboard shows 7 bullish, 7 bearish, 2 neutral signals. Id rather enjoy tax free dividends while I keep my risk exposure lower until a cleaner signal comes out.
At high levels of wealth financial decisions are about reducing taxes. Another example is municipal bonds: MUNI’s pay poorly and are not a good choice for the vast majority of people. But, if you are very wealthy, MUNI’s are a good way to lower taxes. (And likely you are not concerned whether you have $230 million or $240 million in net assets.) Also, the very wealthy are not figuring these things on their own. They have expensive and astute wealth managers/CPAs/tax accountants who mange their money.
Invest slowly in great companies. Dollar cost averaging is investing on a steady schedule, not all at once. Start with a municipal bond fund like Pimco’s MUNI as a safety portion of your portfolio. Buy some VOO and QQQ on market down days. Research some high quality financial stocks, which will be less volatile than tech stocks. I own Goldman Sachs, East West Bank, Huntington Bancshares and Capital One.
So 🥭did go all in on municipal bonds, so what would be the corresponding move? MUNI? VTEB? MUB? Fuck if I know
I love MUNI 
Your current holdings of TLTS offer long-term Treasury yields, MUNI offers tax advantages, and iBonds protect against inflation. Consider supplementing medium-term bonds (such as IEFs) to smooth out duration risk. If you have a higher risk tolerance, you can add some high-yield bonds (such as HYG). Depending on your goals and liquidity needs, short-term bonds (such as SHY) or cash equivalents (such as BIL) may be useful additions
Your current conviction and plan is best suited for the situation you shared. In other words, I would stay the course. T-Bills, CDs, MUNI bonds, and Money Market funds are close in their returns to HYSA.
Purchase mortgage REITs like AGNC or NLY., if interest rates go down slowly over the next one to two years as the Federal Reserve has promised then their profits will increase dramatically and the values of their underlying Agency insured mortgage backed securities on their books will rise a lot in value. if interest rates go down sharply due to a recession or global event. their stock prices will drop with the market, but likely only half as much and then will recover faster and their profits will rise dramatically with the lower long term yields, and while you wait they pay a 13 to 14% cash dividend. PFFA preferred stock ETF pays 9% and displays a much more muted response to market swings BKN, Blackstone leveraged MUNI fund ETF, pays 5.5% tax free and will rise as yields fall EDV, Vanguard 30 yr STRIPs, US treasuries ETF, pays 4.2%, but rises 25% for every 1% fall in 30 yr UST yield, I'm up over 30% in last 10 months on it, and pays decent dividend too IF you need zero risk, then USFR at 5.3% or SGOV about the same, but they will fall in yield as rates come down
There are MUNI bonds whose yields are exempt from federal, state & local taxes. Depending on credit rating of the issuer they can pay 3 to 5%. The lower the credit rating the higher the interest rate. A hassle-free way is to look at muni bond ETF's and mutual funds. There are plenty of mutual fund ETF's with no load fees that are tax exempt. So if OP is in a higher tax bracket with other income this may be a good alternative. There are national Muni ETF's with a portfolio of bonds from all across the country as well as ETF's focusing on a specific state.
I work for a fintech company and our customers are financial advisors (small firms, large enterprises, single advisor firms, etc). There are many different tactics that advisors use in “general”. I’m a research analyst so I am pretty well equipped when it comes to reading a prospectus and other documentation on EDGAR/SEC for any publicly traded security, including structured notes and other security types. If you don’t have a financial advisor (or just don’t want to use one), you can choose a benchmark (comparison) against your portfolio. Commonly, advisors will use a particular index (S&P 500, Russell 2000, etc) or an ETF that tracks an index (like SPY, AGG, VOO, MUNI, etc). However, it’s important to choose a relevant index based on your own assumptions, such as beta, R^2, etc. For example, SPY may be a good benchmark for a heavy equity portfolio or investment. Many stocks have performed better than SPY since 2008 so it can be a good reference point. Then, you can compare a security or portfolio against the benchmark to see how the returns compare. Benchmarking is just ONE method but I think it could be a good starting point for any investor. There are so many metrics across various platforms. Some free tools include many of these metrics, such as Morningstar and Yahoo Finance. Note: I’m definitely not trying to give any financial advice, just commentary :)
you are dead wrong homie, MUNI Bonds allow you to invest in a specific county or state.... get your facts right you sound like a 10 year old parrot w/ your lame answer
I too was a dumbass who held lots of long-term bond ETFs through a predictably bad time to be invested in *anything* that moved inverse to interest rates. You live and you learn. I decreased most of my bond holdings (yes, I bought at the top and sold at the bottom - like a fucking dumbass). It's OK. I lost some money but I have time to make up for it. I'm not going retire for another 25 years. I had no business being so heavy weighted in bonds to begin with. Again, you live and learn. I've rebalanced into cash, growth stocks, and value stocks. I still hold some bond ETFs, but more along the lines of BSV and BND (BND is comparable with intermediate term BIV). I don't hold any long-term anymore. I am still parking money in MUNI bonds, e.g.: MUB. I'll sell out of that if I need some cash or if a crazy opportunity comes along (e.g.: March 2020) YMMV. None of us would be here talking shit on reddit if we could see into the future. We'd all be on Wall Street making stupid money.
Long $ROPE Short $DIKS No $MUNI
> Investment-grade munis +0.22% (MUNI) > Speculative-grade munis +0.78% (HYD) Where my muni gang at?
There are some state specific MUNI funds for larger states like NY/CA , or you can invest directly in some brokerage account. Because of their tax advantages they tend to yield less than treasuries and so usually its only worth investing in if you are in a higher income tax bracket in a state with higher state income taxes as well. However there is some default risk although low they are not considered guaranteed like USA government bonds in rare cases local governments have defaulted . As far as how to invest any major brokerage (schwab / fidelity / vangaurd) will have fixed income product including municipal bonds
If your time horizon is that short then CORP, MUNI shouldn’t be considered. Let’s look at your objective: get your money back in 1 year. Because these 2 issues long dated only you may not get everything back. - if you buy a CORP @4% now but interest rate goes up by another 1.5% (assuming fed hikes 2x next year). Next year you may see your value at ~$94,000 while collecting 4,000 in coupon. (Not even factoring that 4000 is taxable too). You can look at T-Bills with 1 year maturity that would match your time horizon and get a little return while you wait. (Check treasury direct for just buying directly). However the easiest thing to do is really shop some CD rates around the high yield institutions.
Hey, I have a quick question, well ok it may not be quick, because I am still learning. So I am looking to expand into more ETFs and I started to notice MUNI etfs. So my question is, what is a MUNI ETF, and what should I look for in them before putting money into them? I am a moderate risk investor. Also what is a Lipper Leader and the rankings that go along with these? Yes I am very new on a lot of these things.
>\*MUNI-BOND FUNDS SEE $2.4 BILLION WEEKLY CASH OUTFLOW: LIPPER \>\*U.S. INVESTMENT-GRADE FUNDS SEE $8.19B OUTFLOW: LIPPER \>\*U.S. HIGH-YIELD FUNDS SEE $168.5M INFLOW IN WEEK: LIPPER ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-05-12 ^14:17:30 ^EDT-0400
>\*MUNI-BOND FUNDS SEE $2.7 BILLION WEEKLY CASH OUTFLOW: LIPPER \*U.S. INVESTMENT-GRADE FUNDS SEE $5.98B OUTFLOW: LIPPER \*U.S. HIGH-YIELD FUNDS SEE $1.1B OUTFLOW IN WEEK: LIPPER ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-05-05 ^13:55:32 ^EDT-0400
The actual ticker MUNI is at a good price rn I used to own it when I was actually regarded Trying to shelter the $5 I owed in taxes each year 🙃
>\*MUNI-BOND FUNDS SEE $3.2 BILLION WEEKLY CASH OUTFLOW: LIPPER ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-04-07 ^14:16:08 ^EDT-0400
>\*MUNI-BOND FUNDS SEE $1.4 BILLION WEEKLY CASH OUTFLOW: LIPPER ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-01-27 ^13:38:37 ^EST-0500
>\*MUNI-BOND FUNDS SEE $239 MILLION WEEKLY CASH OUTFLOW: LIPPER \*U.S. INVESTMENT-GRADE FUNDS SEE INFLOWS OF $638.7M: LIPPER \*U.S. HIGH-YIELD FUNDS SEE OUTFLOWS OF $2.14B IN WEEK: LIPPER ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-01-20 ^14:00:30 ^EST-0500
Long Florida's MUNI bonds, attracting a lot of talent like Ark Funds and Goldman Sachs, our governor has been amazingly business friendly, Florida is the future of the US.
Is dividend income from municipal bond ETFs like ITM and MUNI taxable?
Hey folks. I was gifted a very small amount of NUVEEN NEW YORK MUNI BOND I from my grandparents. I have no idea how it works and hate owning something that I am confused about. I am thinking about liquidating, but don't understand the tax implications. Can anyone help out? I am under the impression that this fund has accrued tax-free, but not sure what happens if I sell. Thanks!