68: Municipal Bonds, How Insiders Scale Their Tax Free Income
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Michael Foster, the \\u2018CEF Professor\\u2019 from\\xa0Contrarian Outlook, joins us for another episode to explain how to use municipal bonds to scale your tax-free income.\\xa0
During this episode, you\'ll find out how to buy municipal bonds, determine if you should\\xa0buy an individual muni bond, and understand the risk levels of the entire process. You\'ll learn how\\xa0a municipal CEF operates, what tools to use, and how interest rates impact closed end funds. Listen to the end to hear\\xa0Michael\'s top three muni funds and what Sam and Johnny Invest into themselves.
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Links:
Contrarianoutlook.com
The CEF Newsletter
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Where are we:
Sam/Michael \\xa0- Bangkok
Johnny - Ukraine
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Recommended:
Link to the newsletter: CEF Insider
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2 Recent Articles on Municipal Bonds:
The Shockingly Common Mistake That\\u2019s Costing You Thousands
These 6%+ Yielders Are a Screaming Bargain
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The muni funds recommendations discussed:
Neuberger Berman New York Intermediate Municipal Fund (NBO)
Nuveen New Jersey Quality Municipal Income Fund (NXJ)
Pioneer Municipal High Income Trust (MHI)
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Discussed:
ILAB 63 \\u2013 Talking CEFs for 9.9%+ Yield with \\u2018CEF Professor\\u2019 Michael Foster
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Books:
Start Here\\xa0\\u2013 Recommended Reading
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Time Stamps:
06:09 - Are muni bonds boring?
07:27 - Why others invest in muni bonds?
09:01 - Tax considerations
10:02 - Three ways to buy municipal bonds
10:40 - Should you buy an individual muni bond?
13:00 - How does a municipal CEF operate?
15:25 - Average cap size
17:10 - Close end funds and rising interest rates
23:03 - Market trends and sell off
25:15 - Tools, software, and historical returns
26:59 - What is the risk level?
27:06 - Default rates
29:29 - California, New Jersey, Illinois
34:46 - Should you worry about fees?
38:55 - Recommended muni funds
48:42 - Investing in muni bonds
57:36 - Wealthfront investments
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If you enjoyed this episode, do us a favor and share it! Also if you haven\\u2019t\\u2019 already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!
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Copyright 2017. All rights reserved. Read our disclaimer here.
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