VPV
Invesco Pennsylvania Value Municipal Income Trust
Mentions (24Hr)
-100.00% Today
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Mentions
Good morning fam. I'm coffeeless. My water is frozen. But my internet is still up, so I'll be trading. 
 It's just the pattern on the pants!
 TeeTuu this morning
- I'm 31, living in PA, USA (relevant for tax free income assets mentioned.) - My w2 for 2022 was >400k - I currently have a high risk horizon, Current plan is to keep working for another ~15 years - Investment breakdown: - 2 cash flowing rentals, ~450k in value (or more) I probably have ~35% ownership (65% mortgage) - 300k in 401k, target date fund - 40k roth IRA, various funds - 200k in robo advisor - 120k in Muni bonds, but am down ~18.7% (-35k capital loss, +10k dividends) from my cost basis. Split relatively evenly across NQP, VPV, and MPA. - 80k cash, most of it in a 4% Money market account. The main question I have is around the muni bonds, given my high income, I don't think it makes sense to continue holding them and am considering selling them and moving them to the robo advisor. I originally had them as my emergency fund when interest rates were very low. However, the capital loss of them makes me thank that was a poor choice. I've since rebuilt cash reserves. I'm thinking that it's probably best for my situation to suck up the loss, and move the cash over to index funds as the long term growth makes more sense. (15+ years) Any reason why I shouldn't do this? Thank you in advance.
I'm 31 with a high risk horizon. I currently have ~120k in Muni bonds, but am down ~18.78% (25k) from my cost basis. Split relatively evenly across NQP, VPV, and MPA. I'm thinking that it's probably best for my situation to suck up the loss, and move the cash over to index funds as the long term growth makes more sense. (15+ years) I already have a fully funded emergency fund in a savings account. Any reason why I shouldn't do this?
 
