Search found 278 matches

by GaryA505
Mon Oct 21, 2019 10:16 pm
Forum: Investing - Theory, News & General
Topic: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]
Replies: 47
Views: 3762

Re: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]

The market doesn't know: 1. When the 737 MAX will fly again. 2. If the 737 Max will fly again. 3. How long it will take Boeing to recover from this mess. 4. How much it will cost Boeing to fix this mess. There are some things we know: 1. The 737 Max started flying commercially about two years ago (a...
by GaryA505
Mon Oct 21, 2019 2:23 pm
Forum: Investing - Theory, News & General
Topic: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]
Replies: 47
Views: 3762

Re: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]

If a company has a bad PR crisis such as Boeing with the 737 max, is that a good time to invest after the stock dips. What are some good things to look at that may help predict if the stock will recover. It's looking like Boeing purposefully hid information that ended up killing hundreds of people....
by GaryA505
Mon Oct 21, 2019 12:52 pm
Forum: Investing - Theory, News & General
Topic: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]
Replies: 47
Views: 3762

Re: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]

It's just gambling. When you think it's not gambling, then yeah, you need to stop. What makes this interesting is when you see a looming event that will dictate a stock snap to two possible futures. A great foreseeable example of that is Ford motor company stock at $2 a share in 2009. If you're not...
by GaryA505
Mon Oct 21, 2019 12:08 pm
Forum: Investing - Theory, News & General
Topic: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]
Replies: 47
Views: 3762

Re: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]

Why worrying about BA or any other particular company. One day it gan go down 5% and next day it can go up 10%. This is the instability and risk involved with individual stocks. I would not hold any individual stocks and would rather have a peace of mind by holding broad market index funds. I guara...
by GaryA505
Mon Oct 21, 2019 10:55 am
Forum: Investing - Theory, News & General
Topic: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]
Replies: 47
Views: 3762

Re: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]

BA -4% to 330 at midday. It could go below $300 before this is over.
by GaryA505
Sat Oct 19, 2019 9:19 pm
Forum: Investing - Theory, News & General
Topic: Is Low Volatility the best factor?
Replies: 13
Views: 1325

Re: Is Low Volatility the best factor?

. FWIW, here’s some historical data from MSCI. Global portfolios are used throughout (All Cap World Index [ACWI]) A stock:bond mix that matched the volatility of returns (standard deviation) of the MSCI ACWI Minimum Volatility series was used. The bond portfolio used is equivalent to 5 yr T-notes. ...
by GaryA505
Fri Oct 18, 2019 5:12 pm
Forum: Investing - Theory, News & General
Topic: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]
Replies: 47
Views: 3762

Re: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]

I predict the newly-disclosed instant messages between Boeing employees went something like this: Employee1: "You know MCAS really should have gone back for redesign using two AOA sensors when we changed the stabilizer trim limits during testing". Employee2: "Yes I know, but I told my manager that ...
by GaryA505
Fri Oct 18, 2019 4:59 pm
Forum: Investing - Theory, News & General
Topic: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]
Replies: 47
Views: 3762

Re: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]

Although I'm almost always a buy-and-hold investor and almost never buy individual stocks, I've been doing some short-term swing trading on BA and have made a little money since the second crash. This uses a small part of the cash in my overall portfolio. I believe there's a lot of irrational (i.e....
by GaryA505
Fri Oct 18, 2019 2:00 pm
Forum: Investing - Theory, News & General
Topic: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]
Replies: 47
Views: 3762

Re: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]

I predict the newly-disclosed instant messages between Boeing employees went something like this: Employee1: "You know MCAS really should have gone back for redesign using two AOA sensors when we changed the stabilizer trim limits during testing". Employee2: "Yes I know, but I told my manager that a...
by GaryA505
Fri Oct 18, 2019 12:45 pm
Forum: Investing - Theory, News & General
Topic: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]
Replies: 47
Views: 3762

Re: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]

It dipped again today, so I picked up some more. This is small money for me.

I only picked the DC-10 as one example. There are others.

People get emotional over disasters like this, so there is a lot of irrational selling. Doom and gloom.
by GaryA505
Fri Oct 18, 2019 12:05 pm
Forum: Investing - Theory, News & General
Topic: Why the bull market won’t end with a typical crash, says hedge fund billionaire Ray Dalio
Replies: 1
Views: 864

Why the bull market won’t end with a typical crash, says hedge fund billionaire Ray Dalio

Why the bull market won’t end with a typical crash, says hedge fund billionaire Ray Dalio https://finance.yahoo.com/m/26f56a37-8de7-3027-9dcb-94764840fb00/why-the-bull-market-won%E2%80%99t-end.html https://www.marketwatch.com/story/why-the-bull-market-wont-end-with-a-typical-crash-says-hedge-fund-bi...
by GaryA505
Thu Oct 17, 2019 10:56 am
Forum: Investing - Theory, News & General
Topic: Fixed Income In Retirement
Replies: 17
Views: 1766

Re: Fixed Income In Retirement

Can retires and those about to enter retirement still count on bonds for fixed income in the coming decade? As someone nearing retirement, I'd say NO. Are bond yields dead and if so for how long? As someone nearing retirement, I'd say YES, and FOR TOO LONG. I'll probably be dead before bonds produc...
by GaryA505
Wed Oct 16, 2019 2:19 pm
Forum: Personal Investments
Topic: Cash basically sitting uninvested. What to do?
Replies: 40
Views: 3419

Re: Cash basically sitting uninvested. What to do?

I just love all these people saying to invest it all immediately. Of course that's the advice they give for OTHER PEOPLE'S ASSETS and not their own. I wonder how many of these people would actually do that themselves. I'm in a similar situation with some of my assets. I'm going to DCA it in to get t...
by GaryA505
Wed Oct 16, 2019 10:55 am
Forum: Investing - Theory, News & General
Topic: Things you should know about minimum volatility investing
Replies: 42
Views: 4631

Re: Things you should know about minimum volatility investing

I've wondered if a portfolio of 50% VMNVX (Vanguard Global Minimum Volatility) and 50% short-term treasuries (or CDs, TIPS, etc.) wouldn't make a dandy retirement portfolio. Just take the RMD (or whatever) out of the highest one each year and do any additional balancing required. To be clear, I'm j...
by GaryA505
Tue Oct 15, 2019 8:40 pm
Forum: Investing - Theory, News & General
Topic: Bank of America declares 'the end of the 60-40' standard portfolio
Replies: 63
Views: 11055

Re: Bank of America declares 'the end of the 60-40' standard portfolio

A real, inflation-adjusted return of 0% over the next decade for such a portfolio is entirely possible and maybe even likely. Say whaaaat? I thought nobody knows nothin’. Do you know something? :) That was my thought when I read that part. The vineviz crystal ball must be working pretty good today....
by GaryA505
Tue Oct 15, 2019 4:47 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on cellular annually?
Replies: 58
Views: 3559

Re: How much do you spend on cellular annually?

Mint Mobile - Each phone $20 / month (unlim talk/text + 8 GB High Speed data & unlimited low speed). I have 2 phones (2 x 20 x 12) = $480 Mint Mobile prices are very hard to beat. When our Metro 6-month minimum on our free phones is up, we're going to give Mint a try. AFAIK Metro is still giving aw...
by GaryA505
Tue Oct 15, 2019 2:10 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on cellular annually?
Replies: 58
Views: 3559

Re: How much do you spend on cellular annually?

TMobile - 2 lines - over 55 promotion - found out about the promotion on this site -$60/month including all taxes. $720/year or $360/line/year. New rate looks like $27.50 per line. Yes, but notice that the 27.50/line price does not include taxes and fees, but the 35/month price does include taxes a...
by GaryA505
Mon Oct 14, 2019 11:40 am
Forum: Investing - Theory, News & General
Topic: Intermediate bonds vs 50/50 ST/LT bonds in retirement portfolio
Replies: 14
Views: 1092

Re: Intermediate bonds vs 50/50 ST/LT bonds in retirement portfolio

I guess the real question is: Is there an advantage to the ST/LT bond split in that when stocks are down you could take the distribution from whichever bond fund is higher? 1. In a rising interest rate environment you could take the distribution from the ST bonds. 2. in a declining interest rate env...
by GaryA505
Mon Oct 14, 2019 9:41 am
Forum: Investing - Theory, News & General
Topic: Intermediate bonds vs 50/50 ST/LT bonds in retirement portfolio
Replies: 14
Views: 1092

Re: Intermediate bonds vs 50/50 ST/LT bonds in retirement portfolio

I would generally prefer Total Bond Market over the short/long mix for an investment in nominal bonds. Long-term nominal bonds are particularly attractive to insurance companies and pension funds with long-term fixed-dollar liabilities. This causes the price to be bid up, so individual investors ma...
by GaryA505
Sun Oct 13, 2019 8:30 pm
Forum: Investing - Theory, News & General
Topic: Intermediate bonds vs 50/50 ST/LT bonds in retirement portfolio
Replies: 14
Views: 1092

Re: Intermediate bonds vs 50/50 ST/LT bonds in retirement portfolio

From a portfolio construction perspective, IIRC, an even split between long-term and short-term US Treasuries behaves nearly identical to intermediate-term. Better to keep it simple with just one fund. You'll get slightly different results from barring the proportions. If you're thinking a construc...
by GaryA505
Sun Oct 13, 2019 6:38 pm
Forum: Investing - Theory, News & General
Topic: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]
Replies: 47
Views: 3762

Re: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]

Although I'm almost always a buy-and-hold investor and almost never buy individual stocks, I've been doing some short-term swing trading on BA and have made a little money since the second crash. This uses a small part of the cash in my overall portfolio. I believe there's a lot of irrational (i.e. ...
by GaryA505
Sun Oct 13, 2019 3:18 pm
Forum: Investing - Theory, News & General
Topic: Intermediate bonds vs 50/50 ST/LT bonds in retirement portfolio
Replies: 14
Views: 1092

Re: Intermediate bonds vs 50/50 ST/LT bonds in retirement portfolio

OK, so far what we have for the ST/LT bond split is: Pro: 1. Flexibility in selecting assets for retirement distribution (since there are 4 equal parts, just sell whichever is higher). Con: 1. Simplicity (using the BH 2-fund portfolio, selecting the fund for distributions would only require dividing...
by GaryA505
Sun Oct 13, 2019 2:27 pm
Forum: Investing - Theory, News & General
Topic: Intermediate bonds vs 50/50 ST/LT bonds in retirement portfolio
Replies: 14
Views: 1092

Intermediate bonds vs 50/50 ST/LT bonds in retirement portfolio

FYI: None of the below is my portfolio and I'm just learning and planning ... Portfolio #1: 25% total US stock 25% total ex-US stock 50% intermediate-term bonds I've been wondering about the pros/cons of using a 50/50 mix of ST/LT bonds instead of all intermediate-term bonds, in retirement when dist...
by GaryA505
Sat Oct 12, 2019 10:21 pm
Forum: Investing - Theory, News & General
Topic: Things you should know about minimum volatility investing
Replies: 42
Views: 4631

Re: Things you should know about minimum volatility investing

I've wondered if a portfolio of 50% VMNVX (Vanguard Global Minimum Volatility) and 50% short-term treasuries (or CDs, TIPS, etc.) wouldn't make a dandy retirement portfolio. Just take the RMD (or whatever) out of the highest one each year and do any additional balancing required. To be clear, I'm ju...
by GaryA505
Tue Oct 01, 2019 10:56 am
Forum: Investing - Theory, News & General
Topic: Press Release 10/1/19--Vanguard Adds To Its Active Lineup With Launch Of International Core Stock Fund
Replies: 68
Views: 6886

Re: Press Release 10/1/19--Vanguard Adds To Its Active Lineup With Launch Of International Core Stock Fund

When I went to sign into Vanguard today I was greeted by huge ad that said, "INTRODUCING VANGUARD INTERNATIONAL CORE STOCK FUND A new international flavor for your portfolio. Extend your reach beyond U.S. borders— while seeking market-beating returns —with our new actively managed fund." What gets ...
by GaryA505
Sat Sep 21, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: BofA ShopSafe going away
Replies: 109
Views: 7253

Re: BofA ShopSafe going away

OK, TallBoy28er inspired me to get off my arse and write an email (not that it will matter). BTW, CITI Double Cash gives me 2% cash back, better than the 1% BofA paid me without using those stupid "categories". This is true but two things concern me..... First, Citi also uses Flash to generate the ...
by GaryA505
Sat Sep 21, 2019 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: BofA ShopSafe going away
Replies: 109
Views: 7253

Re: BofA ShopSafe going away

OK, TallBoy28er inspired me to get off my arse and write an email (not that it will matter). BTW, CITI Double Cash gives me 2% cash back, better than the 1% BofA paid me without using those stupid "categories". This is true but two things concern me..... First, Citi also uses Flash to generate the ...
by GaryA505
Sat Sep 21, 2019 11:55 am
Forum: Personal Finance (Not Investing)
Topic: BofA ShopSafe going away
Replies: 109
Views: 7253

Re: BofA ShopSafe going away

OK, TallBoy28er inspired me to get off my arse and write an email (not that it will matter). BTW, CITI Double Cash gives me 2% cash back, better than the 1% BofA paid me without using those stupid "categories". This is true but two things concern me..... First, Citi also uses Flash to generate the ...
by GaryA505
Fri Sep 20, 2019 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: BofA ShopSafe going away
Replies: 109
Views: 7253

Re: BofA ShopSafe going away

OK, TallBoy28er inspired me to get off my arse and write an email (not that it will matter). BTW, CITI Double Cash gives me 2% cash back, better than the 1% BofA paid me without using those stupid "categories". Niner. 29er. not 28er. They don't make 28 inch mountain bike wheels. Geez. But I am prou...
by GaryA505
Fri Sep 20, 2019 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: BofA ShopSafe going away
Replies: 109
Views: 7253

Re: BofA ShopSafe going away

OK, TallBoy28er inspired me to get off my arse and write an email (not that it will matter).

BTW, CITI Double Cash gives me 2% cash back, better than the 1% BofA paid me without using those stupid "categories".
by GaryA505
Fri Sep 20, 2019 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: BofA ShopSafe going away
Replies: 109
Views: 7253

Re: BofA ShopSafe going away

Not that it'll do much, but I like to write executive leadership teams when a significant, customer impactful change takes place, and express my displeasure. Just me shaking my tiny fist at "the man." I found some of the exec emails online, and plan on shooting off a complaint. Occasionally I will ...
by GaryA505
Fri Sep 20, 2019 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: BofA ShopSafe going away
Replies: 109
Views: 7253

Re: BofA ShopSafe going away

Wow, I tried to contact Citi about the Citi Double Cash card and VAN - and after about 2 hours on the phone and 12 different department transfers I still got no information. You have to sing up and them they'll tell you. None of the websites listing all the card features have the words VAN or virtu...
by GaryA505
Fri Sep 20, 2019 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: BofA ShopSafe going away
Replies: 109
Views: 7253

Re: BofA ShopSafe going away

I called "Citi" to find out which of their cards offer their VAN feature and after an hour bouncing around their agents - about 10 "I'll transfer you"s - I'm still nowhere. Did someone say they have good customer service ? No, their customer service is outsourced offshore and it pretty-much sucks. ...
by GaryA505
Thu Sep 19, 2019 4:59 pm
Forum: Personal Investments
Topic: Downsides to leaving fixed-income allocation in cash?
Replies: 68
Views: 4321

Re: Downsides to leaving fixed-income allocation in cash?

In the short term you are probably fine. If rates decline more you may miss appreciation. However over the long term a bonds value works out to zero. The return is the interest income. That's it! Even a simple-minded person like me (with cognitive dissonance to boot) I can understand it. :sharebeer
by GaryA505
Thu Sep 19, 2019 3:29 pm
Forum: Personal Investments
Topic: Downsides to leaving fixed-income allocation in cash?
Replies: 68
Views: 4321

Re: Downsides to leaving fixed-income allocation in cash?

Constructing a portfolio based on what markets have done or are expected to do is market timing. It sounds like you've been trying time the bond market all along, which is why this doesn't seem different to you? Based on that definition of market timing, to NOT be a market timer you would have to i...
by GaryA505
Thu Sep 19, 2019 3:00 pm
Forum: Personal Investments
Topic: Downsides to leaving fixed-income allocation in cash?
Replies: 68
Views: 4321

Re: Downsides to leaving fixed-income allocation in cash?

Constructing a portfolio based on what markets have done or are expected to do is market timing. It sounds like you've been trying time the bond market all along, which is why this doesn't seem different to you? Based on that definition of market timing, to NOT be a market timer you would have to i...
by GaryA505
Thu Sep 19, 2019 1:27 pm
Forum: Personal Investments
Topic: Downsides to leaving fixed-income allocation in cash?
Replies: 68
Views: 4321

Re: Downsides to leaving fixed-income allocation in cash?

I also know that a lot of people (including many on this forum) believe in taking all their risk on the equity side, so they use money market funds, ST treasuries, CDs, SPIAs, etc. for their "safe" side. Are they all "market timing"? All? No, but many probably are. Would using treasuries instead of...
by GaryA505
Thu Sep 19, 2019 11:41 am
Forum: Personal Investments
Topic: Downsides to leaving fixed-income allocation in cash?
Replies: 68
Views: 4321

Re: Downsides to leaving fixed-income allocation in cash?

I was 90/10 with the 10 in Prime for about 25 years. It worked for me, but I realize I might have short changed myself a bit. One downside is you might miss potential capital gains if interest rates fall. A few years ago, I stopped buying bond funds and switched entirely to CDs for new investment. ...
by GaryA505
Thu Sep 19, 2019 10:48 am
Forum: Personal Investments
Topic: Downsides to leaving fixed-income allocation in cash?
Replies: 68
Views: 4321

Re: Downsides to leaving fixed-income allocation in cash?

Thanks for the responses. Yes, this is only for the short term, and I will get back into bonds when interest rates go up and/or the inversion ends. But ONE wants to be in bonds when interest rates are going down in order to increase total return. Have you noticed how bond funds are up about 10% YTD...
by GaryA505
Thu Sep 19, 2019 10:44 am
Forum: Personal Investments
Topic: Downsides to leaving fixed-income allocation in cash?
Replies: 68
Views: 4321

Re: Downsides to leaving fixed-income allocation in cash?

I was 90/10 with the 10 in Prime for about 25 years. It worked for me, but I realize I might have short changed myself a bit. One downside is you might miss potential capital gains if interest rates fall. A few years ago, I stopped buying bond funds and switched entirely to CDs for new investment. ...
by GaryA505
Wed Sep 18, 2019 6:38 pm
Forum: Personal Investments
Topic: Downsides to leaving fixed-income allocation in cash?
Replies: 68
Views: 4321

Re: Downsides to leaving fixed-income allocation in cash?

I was 90/10 with the 10 in Prime for about 25 years. It worked for me, but I realize I might have short changed myself a bit. One downside is you might miss potential capital gains if interest rates fall. A few years ago, I stopped buying bond funds and switched entirely to CDs for new investment. ...
by GaryA505
Wed Sep 18, 2019 6:18 pm
Forum: Personal Investments
Topic: Downsides to leaving fixed-income allocation in cash?
Replies: 68
Views: 4321

Re: Downsides to leaving fixed-income allocation in cash?

Thanks for the responses. Yes, this is only for the short term, and I will get back into bonds when interest rates go up and/or the inversion ends. How will you know? When interest rates are higher and long treasuries yield more than short treasuries. But you really weren't just asking the question...
by GaryA505
Wed Sep 18, 2019 4:36 pm
Forum: Personal Investments
Topic: Downsides to leaving fixed-income allocation in cash?
Replies: 68
Views: 4321

Re: Downsides to leaving fixed-income allocation in cash?

Considering how low interest rates are now, I have been leaving my fixed-income allocation (approximately 50%) in cash (Vanguard Prime Money Market). Ordinarily I'd put it in a treasury fund or total bond fund, but the money market is actually yielding more than either of those so I figure what's t...
by GaryA505
Wed Sep 18, 2019 4:03 pm
Forum: Personal Investments
Topic: Downsides to leaving fixed-income allocation in cash?
Replies: 68
Views: 4321

Re: Downsides to leaving fixed-income allocation in cash?

Thanks for the responses. Yes, this is only for the short term, and I will get back into bonds when interest rates go up and/or the inversion ends. How will you know? When interest rates are higher and long treasuries yield more than short treasuries. But you really weren't just asking the question...
by GaryA505
Wed Sep 18, 2019 1:52 pm
Forum: Personal Investments
Topic: Downsides to leaving fixed-income allocation in cash?
Replies: 68
Views: 4321

Re: Downsides to leaving fixed-income allocation in cash?

Thanks for the responses. Yes, this is only for the short term, and I will get back into bonds when interest rates go up and/or the inversion ends.
by GaryA505
Wed Sep 18, 2019 10:53 am
Forum: Personal Investments
Topic: Downsides to leaving fixed-income allocation in cash?
Replies: 68
Views: 4321

Downsides to leaving fixed-income allocation in cash?

Considering how low interest rates are now, I have been leaving my fixed-income allocation (approximately 50%) in cash (Vanguard Prime Money Market). Ordinarily I'd put it in a treasury fund or total bond fund, but the money market is actually yielding more than either of those so I figure what's th...
by GaryA505
Tue Sep 17, 2019 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: BofA ShopSafe going away
Replies: 109
Views: 7253

Re: BofA ShopSafe going away

Just an update and a hint. I was able to get the Citi Double Cash card, which does have the Virtual Account Number feature (as others have stated). I did initially have a problem getting it working, but after a call to their tech support (1-888-252-8209) it's working fine. I was getting an error mes...
by GaryA505
Sun Sep 15, 2019 5:04 pm
Forum: Personal Investments
Topic: Fidelity® SAI U.S. Low Volatility Index Fund (FSUVX)
Replies: 3
Views: 576

Re: Fidelity® SAI U.S. Low Volatility Index Fund (FSUVX)

Old thread, bit I'll chime in here anyway. FSUVX is only available through a Fidelity advisor (which I don't use BTW). It's not much different than USMV.
by GaryA505
Wed Sep 11, 2019 9:32 pm
Forum: Personal Investments
Topic: Using separate funds instead of Total Bond.
Replies: 6
Views: 878

Re: Using separate funds instead of Total Bond.

I think it would help to know what you aim to accomplish. I personally only hold US treasury bonds, but can't see any reason to try and make your own Total Bond. Are you trying to exclude or tilt a certain class? I was really just thinking about whether or not this was doable and/or practical, and ...
by GaryA505
Wed Sep 11, 2019 5:54 pm
Forum: Personal Investments
Topic: Bonds tax exempt: Vanguard Interm-Term Tx-Ex Adm VWIUX or Vanguard Long-Term Tax-Exempt adm VWLUX or High yield VWALX
Replies: 23
Views: 1695

Re: Bonds tax exempt: Vanguard Interm-Term Tx-Ex Adm VWIUX or Vanguard Long-Term Tax-Exempt VWLTX

COnsider the High Yield Tax Exempt. I have held for many years. Can you explain why this one? I’ve read things about it holding riskier bonds? But the performance looks great!! Added your suggestion to the topic. Thanks. High Yield Tax Exempt (VWALX) is an excellent investment grade municipal bond ...