I haven’t bought municipal bonds in years but decided to buy a new issue today because its principal is guaranteed if I hold it to term and it pays a good interest rate that is not subject to either federal or state income tax
I have about 5% in municipal bonds and 5% in AAA corporate debt in my securities portfolio.
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We have about 20% in bonds (maybe 5% in munis) and also about 20% in preferreds. We don’t buy individual munis and it’s too much of a hassle to buy something tax exempt in NM. We have held VTEB for a long time, which is is Vanguard’s Muni ETF.
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