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Post by steelpony10 on Sept 25, 2023 21:16:10 GMT
newtecher , I never saw that scenario in 45 years then. Markets dropped sharply 20% or more, layoffs occurred and you had 2 consecutive periods of negative GDP. Those facts would be all over the news. I don’t see any of that yet. I guess we’ll see.
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Munis
Sept 25, 2023 22:37:32 GMT
Post by newtecher on Sept 25, 2023 22:37:32 GMT
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Post by FD1000 on Oct 4, 2023 0:09:05 GMT
I don't see the sign yet. BTW, I stopped trading Munis several months ago. Investors are getting a lesson on "don't buy falling knives". Same with TLT. You must see stabilization and then uptrend. Better to buy too late than too early.
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Munis
Oct 4, 2023 3:33:53 GMT
via mobile
Post by sortatino2 on Oct 4, 2023 3:33:53 GMT
NHMAX down 2.5% in the last week. VWALX down 1.7% since the question was posed last week should I buy. No need to rush in .
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Munis
Oct 4, 2023 9:11:00 GMT
Post by anovice on Oct 4, 2023 9:11:00 GMT
I don't see the sign yet. BTW, I stopped trading Munis several months ago. Investors are getting a lesson on "don't buy falling knives". Same with TLT. You must see stabilization and then uptrend. Better to buy too late than too early. Does it make sense to reinvest monthly dividends in VWALX?
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Post by steelpony10 on Oct 4, 2023 10:08:45 GMT
The investing area is the only area I ever ran across where an individual won’t commit to sale prices but clings to the notion that tomorrow may offer a better sale only to repeat the whole process again. That’s how individuals lose a lot of pretty safe monthly income over a lifetime, really, really dumb.
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Post by Chahta on Oct 4, 2023 11:29:01 GMT
So some average Joe, retired living his life the best he can, is going to become a trader and live in fear his portfolio could shrink? All the while trashing his stream of tax free income which he relies on? I hope there are no paid financial advisors that recommend that approach.
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Post by Chahta on Oct 4, 2023 12:51:45 GMT
Investors are getting a lesson on "don't buy falling knives". Same with TLT. You must see stabilization and then uptrend. Better to buy too late than too early. Does it make sense to reinvest monthly dividends in VWALX? Of course it does if you don't need to spend the income from it. Why would you not generate more shares to keep paying more income?
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Munis
Oct 4, 2023 13:57:13 GMT
via mobile
Post by Fearchar on Oct 4, 2023 13:57:13 GMT
In the past, the math for Muni's never really worked out for myself.
I was hoping to retire into the 12% bracket and never deal with them. However, now I am back in the workforce earning more than in the past and realizing a lot of taxable income from MMs and treasuries.
Longer term Munis scare me because as covid money dries up and financing costs go up, it is very possible that in a few years we will be talking about all the distressed Munis out there. Remember California a decade ago?
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Post by fishingrod on Oct 4, 2023 18:04:11 GMT
Investors are getting a lesson on "don't buy falling knives". Same with TLT. You must see stabilization and then uptrend. Better to buy too late than too early. Does it make sense to reinvest monthly dividends in VWALX? VWALX is almost at the lows of Oct. 26, 2022. If one had invested on that low one would have a 4.98% gain. I think it is wise to reinvest at this time.
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Munis
Oct 4, 2023 18:58:50 GMT
via mobile
Post by chang on Oct 4, 2023 18:58:50 GMT
I am glad that I did not buy, after asking the question a few weeks ago. My FI remains mostly hunkered down in UST’s and RPHIX, with a sliver of PIMIX which looks like dog poo.
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Munis
Oct 4, 2023 21:59:12 GMT
Post by FD1000 on Oct 4, 2023 21:59:12 GMT
Some hold munis for decades regardless of anything, others trade. I made one bond fund switch in the last 4+ months. You can't dismiss the fact that Munis+most typical bond funds lost big in 2022 and continue to do very little in 2023. The key is the Fed. Pay attention to what they say, not what the "experts" say. Attachments:
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Munis
Oct 20, 2023 15:12:55 GMT
Post by win1177 on Oct 20, 2023 15:12:55 GMT
I’m starting to look at adding some more to our Muni holdings. With rates higher, buying VWALX and VWIUX may be an OK move now.
I know lots of people are sitting in MMA, a well as short term treasuries, but rates may be closer to the “top” than people realize. We have almost 9% in cash right now, including several 6 month T bills, but considering going longer. I’ve NEVER been good at “timing” rate peaks, so my thought is add periodically to our two muni positions.
What do others think?
Win
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