Hello,
I would like to buy individual municipal bonds for my taxable account. My taxable money is at Vanguard but I find the prospect of buying individual bonds (and/or CDs for that matter) though them rather daunting. I suppose I could use one of VG's muni funds but I like the idea of locking in a fixed yield for several years.
Does anyone have any experience in that area? I have many questions like: how do you know a particular bond is AMT exempt? What's a sinking fund? Besides the possibility of an early call, what other limitation should I look for? I plan on buying only AAA-rated munis that are insured (for whatever that's worth nowadays).
Thanks for your help...
I would like to buy individual municipal bonds for my taxable account. My taxable money is at Vanguard but I find the prospect of buying individual bonds (and/or CDs for that matter) though them rather daunting. I suppose I could use one of VG's muni funds but I like the idea of locking in a fixed yield for several years.
Does anyone have any experience in that area? I have many questions like: how do you know a particular bond is AMT exempt? What's a sinking fund? Besides the possibility of an early call, what other limitation should I look for? I plan on buying only AAA-rated munis that are insured (for whatever that's worth nowadays).
Thanks for your help...