Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
CA Muni Bonds - Anybody buying?
Old 03-01-2008, 10:30 PM   #1
Recycles dryer sheets
 
Join Date: Sep 2007
Posts: 428
CA Muni Bonds - Anybody buying?

Anybody plan to buy the upcoming $1.75 billion CA Muni Bonds?

What maturity are you intending to buy?

Comments welcomed.

mP
__________________

__________________
Disappointed is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-02-2008, 10:19 AM   #2
Thinks s/he gets paid by the post
redduck's Avatar
 
Join Date: Mar 2005
Location: yonder
Posts: 2,075
I'm not planning on buying any CA Muni Bonds on my own But, I am considering buying into VCAIX (Vanguard Calif. Intermediate-Term Exempt Fund). The LA Times (a day or two ago) business section suggested that this (right now) is a good time to buy Calif. bonds and but it might be a better to wait until the bonds you mentioned come out.

If I find an ETF that suits my needs a bit better than VCAIX, I'll go with them.
__________________

__________________
redduck is offline   Reply With Quote
Old 03-02-2008, 10:21 AM   #3
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,543
buy vallejo
__________________
al_bundy is offline   Reply With Quote
Old 03-02-2008, 10:32 AM   #4
Recycles dryer sheets
 
Join Date: Sep 2007
Posts: 428
Redduck, I own BCK, PCK, and EVM, all ETFs, they all got killed during the last couple of weeks, they are all leveraged. I bought them because they are AMT free. They are all yielding over 5% now. Go to etfconnect.com to see the NAV vs. Closing Price. I have own them for couple of years now. PCK has the most trading volume, BCK and EVM are thinly traded. PCK is still trading at permium. I also like NKX but do not own it. The only drawback of these ETFs is that they are thinly traded making them expensive to trade (big spread between bid/ask, small order makes it difficult to accumulate a big position).


The individual CA Muni bonds are available for individual investors today and tomorrow. They are rated A+, the 10 years and 30 years are juicy (5% and over). I am surprised that nobody is interested in them.

mP
__________________
Disappointed is offline   Reply With Quote
Old 03-02-2008, 01:53 PM   #5
Thinks s/he gets paid by the post
redduck's Avatar
 
Join Date: Mar 2005
Location: yonder
Posts: 2,075
Thanks, Disappointed. I trotted off to etfconnect (it's a favorite place of mine) and checked out the funds you noted--and, yes, they are thinly traded. These funds are puny, "Puny, I say," in size as compared to VCAIX, so come tomorrow morn, VCAIX it will be.
__________________
redduck is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
20% Muni Bonds how do I buy this. clifp FIRE and Money 8 02-17-2008 01:04 AM
Georgetown Univ Muni Bonds jazz4cash FIRE and Money 3 04-25-2007 08:05 PM
Struggling with decision- pay taxes and invest or Muni Bonds Foodeefish FIRE and Money 8 01-04-2007 11:03 AM
Muni Bonds and index funs in maryland- which ones ??? Foodeefish Young Dreamers 4 12-04-2006 01:09 PM
Buying government bonds as gifts victw Other topics 1 06-19-2006 09:23 PM

 

 
All times are GMT -6. The time now is 03:25 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.