I know I need more bonds in my portfolio. And since I'm buying in my taxable account, I wanted to get California municipal bonds to decrease my state taxes.
Several weeks ago this ETF showed up: CMF - iShares California Muni
Any thoughts on this? Buying individual bonds always seemed smarter to me as it eliminates the expense ratio that's built into bond funds (and ETFs). And even though it's kind of small here - .25% - the return is smaller too, so it's proportionally something that would grow kind of big if held for several years and eat into my returns.
Any thoughts on this product? I'm in my late 30s, living in CA for at least a few more years and other than some TIPs, I have almost no bonds, and too much cash on hand
Several weeks ago this ETF showed up: CMF - iShares California Muni
Any thoughts on this? Buying individual bonds always seemed smarter to me as it eliminates the expense ratio that's built into bond funds (and ETFs). And even though it's kind of small here - .25% - the return is smaller too, so it's proportionally something that would grow kind of big if held for several years and eat into my returns.
Any thoughts on this product? I'm in my late 30s, living in CA for at least a few more years and other than some TIPs, I have almost no bonds, and too much cash on hand