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CA Muni Bonds - Anybody buying?
Old 03-01-2008, 09:30 PM   #1
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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
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Old 03-02-2008, 09:19 AM   #2
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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.
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Old 03-02-2008, 09:21 AM   #3
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buy vallejo
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Old 03-02-2008, 09:32 AM   #4
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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
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Old 03-02-2008, 12:53 PM   #5
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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.
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