Search found 9007 matches

by Kevin M
Fri Apr 20, 2018 3:25 am
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 88
Views: 4865

Re: 2-year AA Munis at Vanguard and Fidelity Today

<snip> It is far better than watching my nest egg go down in an intermediate bond fund. Once rates stabilize, I am not opposed to using a fund again, but as rates rise, I like a ladder. Though there are many on here that will disagree with that approach. I know, they have told me already. :D <snip>...
by Kevin M
Fri Apr 20, 2018 2:02 am
Forum: Investing - Help with Personal Investments
Topic: Ally Bank No penalty CD for parking cash, is there a catch?
Replies: 75
Views: 14570

Re: Ally Bank No penalty CD for parking cash, is there a catch?

If you itemize TEY = TF / (1 - f - s + f*s), which can also be written as TEY = TF / ((1-f)*(1-s)). So slightly less if you itemize. Kevin Thanks, but I think I'll stick to "Ally for Dummies." You don't have to do any math to know that 1.78% in Prime money market is more than 1.45% in Ally savings....
by Kevin M
Fri Apr 20, 2018 1:53 am
Forum: Investing - Help with Personal Investments
Topic: Ally Bank No penalty CD for parking cash, is there a catch?
Replies: 75
Views: 14570

Re: Ally Bank No penalty CD for parking cash, is there a catch?

As already mentioned, 2.5% is not competitive for a 5-year CD. Three-year brokered CD yields are just shy of 3% for good deals on secondary market. Not a lot of term risk in 3-year maturity, and I'd rather take the term risk to earn almost 3% than earn 2.5% with the EWP. Kevin 3% only provides 143....
by Kevin M
Fri Apr 20, 2018 1:46 am
Forum: Investing - Theory, News & General
Topic: Why is the SEC yield the one that Vanguard displays?
Replies: 26
Views: 2379

Re: Why is the SEC yield the one that Vanguard displays?

Kevin, thanks for the explanation. I was talking about money market funds, not bonds, but I get your point. OK, but the OP was about a bond fund. For MM funds the SEC yield is a 7-day average of income, as opposed to 30-day average yield to maturity for bond funds. So SEC yield for MM funds tells y...
by Kevin M
Fri Apr 20, 2018 1:09 am
Forum: Investing - Help with Personal Investments
Topic: Need Help to FIRE in Thailand
Replies: 21
Views: 2494

Re: Need Help to FIRE in Thailand

Disclaimer: I know nothing about non-US resident investing, so everything I say is as if you were a US citizen residing in the US. You asked me via PM for inputs, otherwise I probably would not have replied to your post. It's too complex for me. I recommend you read some books by William Bernstein a...
by Kevin M
Thu Apr 19, 2018 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank No penalty CD for parking cash, is there a catch?
Replies: 75
Views: 14570

Re: Ally Bank No penalty CD for parking cash, is there a catch?

Today I closed my No Pen CD at Ally - it was at 1.50 and my Savings there was 1.45. I moved it to their 5 year CD at 2.5% If I need to break it - it is only 6 months penalty - no biggy. As already mentioned, 2.5% is not competitive for a 5-year CD. Three-year brokered CD yields are just shy of 3% f...
by Kevin M
Thu Apr 19, 2018 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank No penalty CD for parking cash, is there a catch?
Replies: 75
Views: 14570

Re: Ally Bank No penalty CD for parking cash, is there a catch?

The issue is that tax-free yield changes from day to day, whereas CD yield is constant for a specified duration. Not exactly, but kind of. With a brokered CD yield to maturity changes as yields change and as maturity decreases, just as with any other fixed income security that trades on a secondary...
by Kevin M
Thu Apr 19, 2018 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank No penalty CD for parking cash, is there a catch?
Replies: 75
Views: 14570

Re: Ally Bank No penalty CD for parking cash, is there a catch?

Kevin I looked at the webpage for Vanguard California muni MM But I am not seeing any 2.17% even I backed federal and state taxes What is the base rate? I am looking at its webpage and the returns are less than 1% https://advisors.vanguard.com/web/cf/fas-investmentproducts/0062/overview You're look...
by Kevin M
Thu Apr 19, 2018 4:05 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 88
Views: 4865

Re: 2-year AA Munis at Vanguard and Fidelity Today

Thanks for the comments Artdoctor. I agree with most of what you said in most recent reply. Here are some quibbles. However, I suspect that you assume that most people have the same sophistication that you do; this is probably the only significant disagreement we'll have. Absolutely not! I have much...
by Kevin M
Thu Apr 19, 2018 3:04 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 118
Views: 15217

Re: 2-year CDs at Vanguard and Fidelity Today

Some observations from buying CDs today at Fidelity. I used my new approach of downloading CD search results into a spreadsheet, to quickly identify maturities that provided the best yield premium for extending maturity (or just had the best yield for shortest maturity). My search criteria were matu...
by Kevin M
Thu Apr 19, 2018 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Need help splitting a muni bond ladder 50/50 between heirs and general Schwab Question
Replies: 24
Views: 1172

Re: Need help splitting a muni bond ladder 50/50 between heirs and general Schwab Question

In addition to our PM conversation about this, here are some additional thoughts--maybe some repeat of what I've already said in PM. I was going to PM you about this but since someone might search up this thread some day with a similar question I figured I'd close it out with this post. I really do...
by Kevin M
Thu Apr 19, 2018 2:11 pm
Forum: Investing - Theory, News & General
Topic: Why is the SEC yield the one that Vanguard displays?
Replies: 26
Views: 2379

Re: Why is the SEC yield the one that Vanguard displays?

I understand that, but my point is that when you are trying to figure out where to park your money - let's say you are looking at several different money market funds for example - comparing the SEC yield easily tells you your expected distribution net of the expense ratio. This still is not correc...
by Kevin M
Thu Apr 19, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 118
Views: 15217

Re: 2-year CDs at Vanguard and Fidelity Today

The rates for 2-yr or longer treasuries are not as good as CDs. But treasuries are a lot more liquid if you need to sell before maturity. True--CD yields are higher in a tax-advantaged account. Treasuries can be as good or better at these maturities in taxable depending on your marginal tax rates. ...
by Kevin M
Wed Apr 18, 2018 5:33 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 88
Views: 4865

Re: 2-year AA Munis at Vanguard and Fidelity Today

^ Kevin: I think there's a misunderstanding. I was referring to the State of Illinois General Obligation bonds; the state has a BBB- credit rating. You're not going to find a State of Illinois General Obligation bond with an AA rating. Not a misunderstanding--just pointing out that I'm not buying a...
by Kevin M
Wed Apr 18, 2018 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank No penalty CD for parking cash, is there a catch?
Replies: 75
Views: 14570

Re: Ally Bank No penalty CD for parking cash, is there a catch?

As mentioned in other threads, Vanguard's Prime Money Market fund is now yielding 1.78%. Exactly. The Ally no-penalty CD is no longer competitive for short-term cash. You can open a trust account at Vanguard. Another option is Popular Direct savings paying 2.00% APY. https://www.depositaccounts.com...
by Kevin M
Wed Apr 18, 2018 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help to FIRE in Thailand
Replies: 21
Views: 2494

Re: Need Help to FIRE in Thailand

Keeping it all in CDs is probably a bad idea. Most research suggests you need at least ~30% equities to last 30 years. Depends on your withdrawal rate. At 2% you can go 50 years with 0% real return, and you can do better than that (at least out to 30 years) in a TIPS ladder. Still, I wouldn't disag...
by Kevin M
Wed Apr 18, 2018 12:48 pm
Forum: Investing - Theory, News & General
Topic: Why is the SEC yield the one that Vanguard displays?
Replies: 26
Views: 2379

Re: Why is the SEC yield the one that Vanguard displays?

Also, the SEC yield nets out the expense ratio which also makes it easier to compare between funds. Are you saying distribution yield does not net out expense ratio? That's my understanding. Per Investopedia: "The distribution yield of a security is calculated by dividing the distributions paid (ye...
by Kevin M
Wed Apr 18, 2018 12:44 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 118
Views: 15217

Re: 2-year CDs at Vanguard and Fidelity Today

Of note, Charles Schwab is offering a 2 year stepped CD (2.25% year 1, 3.25% year 2) with a YTM of 2.75%- offered by Wells Fargo, with a settlement date of 4/30/2018. CD is callable by WF after 1 year. If willing to take on the call risk, this CD offers 10bps over current new CD offerings from Gold...
by Kevin M
Tue Apr 17, 2018 9:50 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 118
Views: 15217

Re: 2-year CDs at Vanguard and Fidelity Today

Thanks for the write-up. The reason I'm asking is because it looks like for two-year treasuries, the settlement date of the new issue and the maturity date of the old issue line up on the last day of each month (or next business day). Hence my question whether I can get the proceeds on the maturity...
by Kevin M
Tue Apr 17, 2018 9:33 pm
Forum: Investing - Theory, News & General
Topic: Why is the SEC yield the one that Vanguard displays?
Replies: 26
Views: 2379

Re: Why is the SEC yield the one that Vanguard displays?

The last paragraph in my previous reply illustrates one reason SEC yield is preferable to distribution yield in comparing bond funds. Modify that example to be two different bond funds, one that bought the bond some time ago at 100, and one that bought it some time later at 102. The yield to maturit...
by Kevin M
Tue Apr 17, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: Why is the SEC yield the one that Vanguard displays?
Replies: 26
Views: 2379

Re: Why is the SEC yield the one that Vanguard displays?

I think I know the trick here. The SEC yield covers all income, less expenses. So both coupon and capital appreciation. The fund only distributes coupon income. Are you sure? I’m no expert but how can any fund company know what the capital appreciation will be looking forward 30 days? SEC yield is ...
by Kevin M
Tue Apr 17, 2018 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Need help splitting a muni bond ladder 50/50 between heirs and general Schwab Question
Replies: 24
Views: 1172

Re: Need help splitting a muni bond ladder 50/50 between heirs and general Schwab Question

In addition to our PM conversation about this, here are some additional thoughts--maybe some repeat of what I've already said in PM. Before selling, I would determine if any of the munis are attractive holdings for either of you, considering marginal tax rates and maturities. For example, I have bee...
by Kevin M
Tue Apr 17, 2018 8:00 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 118
Views: 15217

Re: 2-year CDs at Vanguard and Fidelity Today

Very interesting. One somewhat unrelated question -- at Fidelity / Vanguard, does your account get credited with the proceeds of the CD or bond on the maturity date? Or is it the next business day? Good question. I haven't had a bond or CD mature yet in a taxable account since I started buying brok...
by Kevin M
Tue Apr 17, 2018 5:59 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 118
Views: 15217

Re: 2-year CDs at Vanguard and Fidelity Today

Today I did something a little different in looking at my next CD purchase in a Fidelity IRA. I set search criteria for 2y to 2y6m, with minimum yield of 2.70% (since I want at least 2.65% after commission to match or beat best 2-year new issue yield), then I downloaded the results into a spreadshee...
by Kevin M
Tue Apr 17, 2018 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Help with CD ladder strategy for emergency fund
Replies: 36
Views: 2329

Re: Help with CD ladder strategy for emergency fund

@ Kevin Yes, the Popular Direct rate at 2% is the best I've seen recently, as well, but I was turned off by their fee structure. I see a fee structure like that at Live Oak as notably more customer friendly. Plus there's no minimum deposit at Live Oak while Popular requires a 5k minimum. Fair enoug...
by Kevin M
Tue Apr 17, 2018 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Help with CD ladder strategy for emergency fund
Replies: 36
Views: 2329

Re: Help with CD ladder strategy for emergency fund

Here, for example, are the current CD rates for Live Oak Bank. I think their rates for short term CDs are very good, especially that 6 month rate of 1.95%. The linked page also discusses the early withdrawal penalties and it's 90 days simple interest for CDs with terms less than 24 months. That's a...
by Kevin M
Tue Apr 17, 2018 3:45 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 111
Views: 18843

Re: Muni Money Market funds starting to look good!

If you are in the 12% tax bracket for ordinary income, any amount of QDIV/LTCP should be taxed at the 0% rate correct. Whether it is 20k or 200k. That is not true. Work through a dummy 1040 line 44 and schedule D. Yes, using the Schedule D worksheet is a good way to see how the calculation works. T...
by Kevin M
Mon Apr 16, 2018 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Help with CD ladder strategy for emergency fund
Replies: 36
Views: 2329

Re: Help with CD ladder strategy for emergency fund

Fidelity's brokered CDs are up to 2.65 for the 2 year, I'm still hemming and hawing about whether I want to build a ladder of these. For what purpose? You can't build a ladder with a single maturity. Having said that, 2-year maturity is pretty much the sweet spot of the CD yield curve. You get abou...
by Kevin M
Mon Apr 16, 2018 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: Help with CD ladder strategy for emergency fund
Replies: 36
Views: 2329

Re: Help with CD ladder strategy for emergency fund

Unfortunately the rates on that are not competitive with a Capital One money market account so that's where my funds are now. 1.50% for >$10K? Please see my earlier reply for better options. Alternatively I could buy 26-week T-bills, or a ladder of 12 one-year CDs and accept some penalty if I every...
by Kevin M
Mon Apr 16, 2018 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Help with CD ladder strategy for emergency fund
Replies: 36
Views: 2329

Re: Help with CD ladder strategy for emergency fund

I saw in other thread there is 10k minimum required for Vanguard brokered CDs. The $10K minimum is for the new-issue CDs currently available at Vanguard and Fidelity--not sure if this is always the case. You can buy smaller quantities on the secondary market, and sometimes the highest yields are fo...
by Kevin M
Mon Apr 16, 2018 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: Help with CD ladder strategy for emergency fund
Replies: 36
Views: 2329

Re: Help with CD ladder strategy for emergency fund

Hello all. I currently have close to 7 months expenses saved in cash in an online savings account that earns 1% APY. This is a horrible rate. There is a savings account now that is paying 2%, and even Vanguard Prime money market is paying 1.77%. It would be useful to know your federal and state mar...
by Kevin M
Mon Apr 16, 2018 5:17 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 111
Views: 18843

Re: Muni Money Market funds starting to look good!

$100 of ordinary interest would pay 12% or $12 in a 12% ordinary income bracket, not $27. But for someone with ordinary income in the 12% bracket and with QDIV/LTCG draped atop that into the 15% QDIV bracket (so that some of the QDIV was taxed at 0% and some at 15%), $100 more ordinary interest wou...
by Kevin M
Mon Apr 16, 2018 3:39 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 88
Views: 4865

Re: 2-year AA Munis at Vanguard and Fidelity Today

Kevin, You're getting closer to appreciating the complexities of a discount bond and its taxation. Why just getting closer? I think I completely understand it now. I only own one bond for which this is an issue, and I understand how to deal with it now. I am aware of the "discount of a discount" ph...
by Kevin M
Sun Apr 15, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 88
Views: 4865

Re: 2-year AA Munis at Vanguard and Fidelity Today

One more. Do you deduct accrued interest on out of state tax exempt bonds from the state tax return in the year the bond is bought or the year the interest is paid? I bought some out of state munis in December, but no out of state muni interest was paid in 2017. My CPA entered the accrued interest ...
by Kevin M
Sun Apr 15, 2018 12:29 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 88
Views: 4865

Re: 2-year AA Munis at Vanguard and Fidelity Today

I got a guest account at Fidelity for 30 days...easy. The first NC muni I came to is here...you've got to have a Fidelity account or a guest account to follow this link I suspect... https://fixedincome.fidelity.com/ftgw/fi/FIBondDetails?requestType=&displayFormat=TABLE&cusip=65825PCA6&ordersystem=T...
by Kevin M
Sun Apr 15, 2018 11:41 am
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 88
Views: 4865

Re: 2-year AA Munis at Vanguard and Fidelity Today

If all of this is correct, I'll pay ordinary income tax on about $50 for tax year 2020, since I bought 15 for 14,950.05 (not including accrued interest). Assuming my marginal tax rates still are 27% + 8%, as I estimate for 2018, I'll pay about $17.48 federal + state income tax. Not a big deal, but ...
by Kevin M
Sat Apr 14, 2018 10:55 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 88
Views: 4865

Re: 2-year AA Munis at Vanguard and Fidelity Today

Posts like this make individual bonds seems complicated when in reality they are not. Please elaborate. Clearly the taxation of individual bonds can be a bit complicated. How can you simplify it for us? Kevin Turbo Tax download Even if Turbo tax handled everything perfectly, it wouldn't help in mak...
by Kevin M
Sat Apr 14, 2018 9:59 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 88
Views: 4865

Re: 2-year AA Munis at Vanguard and Fidelity Today

Iliketoridemybike wrote:
Sat Apr 14, 2018 9:27 pm
Posts like this make individual bonds seems complicated when in reality they are not.
Please elaborate. Clearly the taxation of individual bonds can be a bit complicated. How can you simplify it for us?

Kevin
by Kevin M
Sat Apr 14, 2018 9:57 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 118
Views: 15217

Re: 2-year CDs at Vanguard and Fidelity Today

Mydanyale wrote:
Sat Apr 14, 2018 6:01 pm
Am I reading it correctly online? There is no fee for newly issued CDs, bonds.
There is never a fee for treasuries.
Yes. No commission for new-issue CDs, and no commission for Treasuries bought at auction or on secondary market. This is true at both Vanguard and Fidelity.

Kevin
by Kevin M
Sat Apr 14, 2018 9:56 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 111
Views: 18843

Re: Muni Money Market funds starting to look good!

It seems that everyone uses SEC yield to calculate TEY, which is indeed close to/superior to bank saving rates (2% or so). This comparison leads one to chose Muni MM over saving accounts. I wonder though if distribution yield should be used instead? For VCTXX the distribution yields were 1.07, 0.91...
by Kevin M
Sat Apr 14, 2018 9:37 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 111
Views: 18843

Re: Muni Money Market funds starting to look good!

The interest we're earning now is in 2018, which means the rules are different, so there are no longer 25% or 27% Federal Tax Brackets. There was not a 27% federal tax bracket in 2017 either. My federal marginal tax rate will be 27% because my ordinary income will be in the 12% bracket, but qualifi...
by Kevin M
Sat Apr 14, 2018 9:15 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 88
Views: 4865

Re: 2-year AA Munis at Vanguard and Fidelity Today

When you're buying a municipal bond, you're going to want a premium bond or at least a discount de minimis bond. If your discount bond is beyond de minimis, you're going to pay regular income tax on the gain (not just a capital gain), so it's best to avoid them. I don't believe this is correct--at ...
by Kevin M
Sat Apr 14, 2018 5:17 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 88
Views: 4865

Re: 2-year AA Munis at Vanguard and Fidelity Today

^ I would strongly urge avoiding IL bonds. Even the state's general obligation bonds are rated BBB-, which is really getting down there. And a state cannot declare bankruptcy! It has been drilled into my head that bonds are for safety and the few bucks you're going to pick up with IL bonds are just...
by Kevin M
Sat Apr 14, 2018 4:34 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 88
Views: 4865

Re: 2-year AA Munis at Vanguard and Fidelity Today

gmaynardkrebs wrote:
Sat Apr 14, 2018 3:15 pm
Kevin, does Fidelity let you place a limit order below ask?
Yes, but the one time I tried recently for a muni, the order was cancelled within a few minutes.

Kevin
by Kevin M
Sat Apr 14, 2018 3:01 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 88
Views: 4865

Re: 2-year AA Munis at Vanguard and Fidelity Today

Kevin, I agree with you on the safety of AAA/AA munis. It seems like Vanguard's intermediate muni VWIUX doesn't quite make that standard....also Larry S's standard. Baird's intermediate muni BMBIX is very close to all AAA/AA. I'm interested in buying single state munis. Every time I look, I feel li...
by Kevin M
Sat Apr 14, 2018 12:55 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 88
Views: 4865

Re: 2-year AA Munis at Vanguard and Fidelity Today

How would amortization work in this case when the bonds are municipal and therefore, no state taxes will be paid for the interest? There is no state income tax on bonds issued by your state of residence, but there is state income tax on muni bonds issued by other states. So for an in-state muni, th...
by Kevin M
Sat Apr 14, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 88
Views: 4865

Re: 2-year AA Munis at Vanguard and Fidelity Today

When you're buying a municipal bond, you're going to want a premium bond or at least a discount de minimis bond. If your discount bond is beyond de minimis, you're going to pay regular income tax on the gain (not just a capital gain), so it's best to avoid them. I don't believe this is correct--at ...
by Kevin M
Sat Apr 14, 2018 12:22 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 88
Views: 4865

Re: 2-year AA Munis at Vanguard and Fidelity Today

@Kevin Re: Kaiser bonds I hope you do realize that you bought the bonds above par, and upon maturity in a year, in total return, you will be losing money. The yield to maturity calculation factors in both the change in value of the bond from time of purchase to maturity (capital return) and the cou...
by Kevin M
Fri Apr 13, 2018 5:00 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 111
Views: 18843

Re: Muni Money Market funds starting to look good!

TEY depends on whether you itemize deductions or not, so that could be why some of you are getting slightly different TEYs. Tax exemption is slightly less valuable if you already are getting a federal deduction for state income taxes. TEY of CA Muni MM for me now is 2.08% (SEC yield 1.35%), at 27% f...
by Kevin M
Fri Apr 13, 2018 4:50 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 118
Views: 15217

Re: 2-year CDs at Vanguard and Fidelity Today

Kevin - I couldn't find it today but how about this one - Morgan Stanley Bank, National Association Secondary2.8% due 4/12/2021 (CUSIP: 61747MT35) It's showing a yield of 2.87 (after $100 commission for 50 of them and net amount is 49919.18). Please let me know if this is a good deal. Thanks, inv* ...