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Post by FD1000 on Jul 19, 2021 14:32:20 GMT
www.wsj.com/articles/tax-increase-talk-prompts-wealthy-to-splurge-on-muni-bonds-11626692401Wealthy Americans eyeing potential tax increases are helping drive record amounts of money into municipal bond funds. In the first six months of 2021, U.S. municipal bond funds attracted an estimated $56.9 billion in net new money—the most for any first half of the year going back to 1992, according to data from Refinitiv Lipper. Advisers to high-income investors say the potential for higher taxes has been a focus of conversation in recent months, drawing attention to munis. Municipal bonds typically offer interest payments that are exempt from federal income taxes and sometimes from state taxes in the state where the bond is issued. State and local governments, along with institutions such as hospitals and universities, issue municipal bonds to raise money for projects that include building schools and paving roads. ========= Munis usually don't do well Aug-Oct. I'm watching much closer now. I've been using HY Munis for years, even in IRA. YTD they have done very well.
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Post by Karen on Jul 19, 2021 14:37:49 GMT
I noticed your posting has increased on this site.
Are you the same poster who has recently been banned from posting at armchairinvesting?
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Post by Chahta on Jul 19, 2021 16:25:20 GMT
I read a 30 day suspension. Not really banned. But the source of suspension must be considered over "there".
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Post by Chahta on Jul 19, 2021 16:26:42 GMT
www.wsj.com/articles/tax-increase-talk-prompts-wealthy-to-splurge-on-muni-bonds-11626692401Wealthy Americans eyeing potential tax increases are helping drive record amounts of money into municipal bond funds. In the first six months of 2021, U.S. municipal bond funds attracted an estimated $56.9 billion in net new money—the most for any first half of the year going back to 1992, according to data from Refinitiv Lipper. Advisers to high-income investors say the potential for higher taxes has been a focus of conversation in recent months, drawing attention to munis. Municipal bonds typically offer interest payments that are exempt from federal income taxes and sometimes from state taxes in the state where the bond is issued. State and local governments, along with institutions such as hospitals and universities, issue municipal bonds to raise money for projects that include building schools and paving roads. ========= Munis usually don't do well Aug-Oct. I'm watching much closer now. I've been using HY Munis for years, even in IRA. YTD they have done very well. While the yield is tax-free, the CG are not which is another issue for the government to attack. In some states, such as Commie CA, the payments on the bonds are added to property taxes so they are more or less guaranteed. School districts there do much of their financing thru bonds. |
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Post by steelpony10 on Jul 19, 2021 17:22:26 GMT
Chahta , FD1000 I kicked myself off AC and Morningstar for now. Many more colorful and knowledgeable posters seem to be here. With our parents (Depression era) I kept their investable assets 50% in a muni fund. We’ve stayed around 20% since age 60. I look at munis as a cash like buffer to equities and in our case CEF’s. It’s on reinvestment so psychologically it’s always there during each real or crystal ball crises.
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Post by steelpony10 on Jul 20, 2021 1:25:25 GMT
True to form all the speculative future events due to the Delta variant are playing out. My indexes and CEF’s tanked but our muni fund increased in value. This to shall pass.
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Post by anitya on Jul 20, 2021 5:41:29 GMT
True to form all the speculative future events due to the Delta variant are playing out. As they say, "Collective karma is a Biatch, fruits of which can not be escaped." As you said this too shall pass! |
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Post by steelpony10 on Jul 20, 2021 10:54:33 GMT
anitya As much as the financial gypsies try it shouldn’t be as bad as the first go around. Speculation fills in the long gaps between real news. I just feel sorry for the 12 - 18 year olds and children under 12 who are totally without options yet like our grandkids. Well next year is a more intense political year if that’s possible. By spring maybe this will fade again from the “news”.
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Post by Chahta on Jul 30, 2021 15:39:03 GMT
Chahta , FD1000 I kicked myself off AC and Morningstar for now. Many more colorful and knowledgeable posters seem to be here.
With our parents (Depression era) I kept their investable assets 50% in a muni fund. We’ve stayed around 20% since age 60. I look at munis as a cash like buffer to equities and in our case CEF’s. It’s on reinvestment so psychologically it’s always there during each real or crystal ball crises. Just a better environment here. Almost none of the political BS (unless I say it under my breath). No one incessantly posts every news article they come across everyday. I truly hope it stays that way. I plan on hefty quantities of muni funds in my taxable account in the future, but working on it now. I just hate taxes. |
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Post by steelpony10 on Jul 30, 2021 20:22:02 GMT
Chahta , FD1000 I kicked myself off AC and Morningstar for now. Many more colorful and knowledgeable posters seem to be here.
With our parents (Depression era) I kept their investable assets 50% in a muni fund. We’ve stayed around 20% since age 60. I look at munis as a cash like buffer to equities and in our case CEF’s. It’s on reinvestment so psychologically it’s always there during each real or crystal ball crises. Just a better environment here. Almost none of the political BS (unless I say it under my breath). No one incessantly posts every news article they come across everyday. I truly hope it stays that way. I plan on hefty quantities of muni funds in my taxable account in the future, but working on it now. I just hate taxes. I’ve stated I’m probably the only one that likes a big tax bill. Lol. I play cards a lot, gamble I suppose. I like to win as most do. It involves risk, psychological stress. So I use 80% of our investable assets to make money as simply as I can, as steady as I can to my risk tolerance. The other 20% as mentioned is a lifetime muni fund that may rise to 30%+ someday. The whole investment process seems so simple to me I keep searching for what I’m doing wrong. I’ve kept looking since the mid 70’s. Real spendable cash in a muni fund collected and compounded from a reliable factual cash flow since makes 3 diverse and allocated cash flows and little work. I finished up at the old RMD age, 70.5. When you (think) you’ve won you have to know when to walk away. |
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Post by Capital on Jul 31, 2021 10:55:28 GMT
Just a better environment here. Almost none of the political BS (unless I say it under my breath). No one incessantly posts every news article they come across everyday. I truly hope it stays that way. I plan on hefty quantities of muni funds in my taxable account in the future, but working on it now. I just hate taxes. I’ve stated I’m probably the only one that likes a big tax bill. Lol. I play cards a lot, gamble I suppose. I like to win as most do. It involves risk, psychological stress. So I use 80% of our investable assets to make money as simply as I can, as steady as I can to my risk tolerance. The other 20% as mentioned is a lifetime muni fund that may rise to 30%+ someday. The whole investment process seems so simple to me I keep searching for what I’m doing wrong. I’ve kept looking since the mid 70’s. Real spendable cash in a muni fund collected and compounded from a reliable factual cash flow since makes 3 diverse and allocated cash flows and little work. I finished up at the old RMD age, 70.5. When you (think) you’ve won you have to know when to walk away. , in the late 1990s I had one of those complicated investment strategies. Somewhere around 2000-2001 I had my fill of that and my strategy turned simple and downright boring. Since I made that change I have been making money.  |
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Post by steelpony10 on Jul 31, 2021 14:56:32 GMT
Capital, If it’s a complete unknown why not. Simply 3 parts, varied in types of cash flow and risk has worked since the mid 70’s. Luck and chance mixed with the actual fact that because of inflation and the endless, endless pressure to meet or exceed quarterly earnings by well managed companies or groups of companies does all the work and over time smooths over the tough patches. Since this isn’t my hobby or interest in general it’s never boring. Forums are amusing and entertaining to me. Maybe I’ll find that holy grail of portfolios everyone keeps looking for that predicts and covers all my future needs.
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Post by paulr888 on Aug 2, 2021 10:38:54 GMT
Just a better environment here. Almost none of the political BS (unless I say it under my breath). No one incessantly posts every news article they come across everyday. I truly hope it stays that way. I plan on hefty quantities of muni funds in my taxable account in the future, but working on it now. I just hate taxes. I’ve stated I’m probably the only one that likes a big tax bill. Lol. I play cards a lot, gamble I suppose. I like to win as most do. It involves risk, psychological stress. So I use 80% of our investable assets to make money as simply as I can, as steady as I can to my risk tolerance. The other 20% as mentioned is a lifetime muni fund that may rise to 30%+ someday. The whole investment process seems so simple to me I keep searching for what I’m doing wrong. I’ve kept looking since the mid 70’s. Real spendable cash in a muni fund collected and compounded from a reliable factual cash flow since makes 3 diverse and allocated cash flows and little work. I finished up at the old RMD age, 70.5. When you (think) you’ve won you have to know when to walk away. Definitely not for me. I continue to educate myself, listening to webcasts, podcasts, etc from people smarter than me to help me identify risks I may be ignoring and how I might improve my portfolio to cover those risks. It's an everyday pursuit for me but I enjoy it. Otherwise, I would farm it out to someone else to do for me. |
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