ownyourfuture
Thinks s/he gets paid by the post
- Joined
- Jun 18, 2013
- Messages
- 1,561
Columbia Minnesota Tax-Exempt Fund Class A IMNTX
To lower my ‘taxable’ income for healthcare purposes, in late July 2016, I sold an underperforming, high dividend paying stock, & started accumulating this fund.
Up until November 2018, it had been pretty much straight downhill, but since that time, it’s been rallying.
Obviously I'm pleased, but with the fed raising rates recently, & announcing 2 more hikes this year, I figured it would keep going down.
Maybe I don't really understand municipal bonds.
Am I missing something ?
To lower my ‘taxable’ income for healthcare purposes, in late July 2016, I sold an underperforming, high dividend paying stock, & started accumulating this fund.
Up until November 2018, it had been pretty much straight downhill, but since that time, it’s been rallying.
Obviously I'm pleased, but with the fed raising rates recently, & announcing 2 more hikes this year, I figured it would keep going down.
Maybe I don't really understand municipal bonds.
Am I missing something ?
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