National Muni Fund
Posted: Tue Dec 11, 2012 7:20 am
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Investing Advice Inspired by Jack Bogle
https://www.bogleheads.org/forum/
and quality of the holdings. Also PAB holdings.Rainier wrote:You need to compare expense ratio, yield and duration.
I am sure you are aware that the return is likely to be much lower over the next several years - closer to 1.5%.TT wrote:I have been researching investing in Muni Funds and have narrowed it down to:
Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX)
Performance 1-3-5-10 - inception
9.06% 6.26% 5.74% 4.83% 5.85%
Return after taxes and distribution 6.08% 5.03% 5.38% 4.35%
Expense .20
T. Rowe Price Summit Municipal Inc PRINX
Performance 1-3-5-10 inception
12.98 8.22 6.76 5.74 5.68
Return after taxes and distribution 12.57 7.20 5.23 4.43
Expense .50
Which would you consider to purchase and if not either one which National Muni Fund for long term investment
Thanks
Op... wouldn't tht imply that the present monthly annualized yield of 3.0 - 3.1% would have to be changed by virtual doubling of the share price??Call_Me_Op wrote:I am sure you are aware that the return is likely to be much lower over the next several years - closer to 1.5%.TT wrote:I have been researching investing in Muni Funds and have narrowed it down to:
Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX)
Performance 1-3-5-10 - inception
9.06% 6.26% 5.74% 4.83% 5.85%
Return after taxes and distribution 6.08% 5.03% 5.38% 4.35%
Expense .20
T. Rowe Price Summit Municipal Inc PRINX
Performance 1-3-5-10 inception
12.98 8.22 6.76 5.74 5.68
Return after taxes and distribution 12.57 7.20 5.23 4.43
Expense .50
Which would you consider to purchase and if not either one which National Muni Fund for long term investment
Thanks
Where are you getting that yield information? Vanguard specifies the yield on VWITX at about 1.5%.midareff wrote: Op... wouldn't tht imply that the present monthly annualized yield of 3.0 - 3.1% would have to be changed by virtual doubling of the share price??
The Vanguard one, the costs are lower and that usually results in better performance.TT wrote:
Which would you consider to purchase.
Thanks