Took over Dad's portfolio - Muni funds

[mathjak107]

that remains to be seen . so far since rates ticked up from last year they are doing lousy

if you bought in last year you wold have done better buying a cd .

on top of rates rising , if tax reform goes through that can make muni's even less valuable .

[fred44]

I found this information, doesn't sound bad. AUM has increased over 4% recently.

'HYD' Assets Increase 4% | ETF.com
HYD ETF: Free Real-time Quotes, Ratings, Holdings | ETF.com

[lchoro]

Originally Posted by mathjak107

that remains to be seen . so far since rates ticked up from last year they are doing lousy

if you bought in last year you wold have done better buying a cd .

on top of rates rising , if tax reform goes through that can make muni's even less valuable .

The point is they're not trading the fund. The long-term returns generally approximate the yields of the bonds in the fund. The average maturity for the bonds held by these funds are around 5-7 years. As rates rise extremely slowly, they will be replaced. If there's a recession, they will not fall like high-yield corporate bond funds.

[MSchemist80]

I would avoid bonds in states like IL, NJ, CT, CA... states run by crazy tax and spend liberals where the taxes are unsustainable, the people are fleeing, and no matter how much money they take in they can't get their act together. I was thinking about buying some high yeild tax exempt from Vanguard until I saw Chicago Public Schools as a major holding and thought bleep no.