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Go Back   Talkgold HYIP, Investment & Money Forum > Other Ways to Make/Save Money > General Investment Forum & News
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  #1  
Old 01-28-2009, 01:02 AM
nick45 nick45 is offline
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Default Where and how to purchase Municipal Fund?

I am a VA resident and would like to invest in Munis Fund to avoid paying federal and state tax on interest earn. Currently, I have no other investment and this is meant to keep my rainy days fund stay ahead of inflation to preserve purchasing power.

Thank you.
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Old 01-28-2009, 01:20 AM
talkgold talkgold is offline
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Default Re: Where and how to purchase Municipal Fund?

I believe that Etrade.com allows you to purchase Muni-Bonds. Check them out.
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Old 01-28-2009, 01:28 AM
nick45 nick45 is offline
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Default Re: Where and how to purchase Municipal Fund?

Thanks
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Old 01-28-2009, 03:38 AM
GoIllini GoIllini is offline
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Default Re: Where and how to purchase Municipal Fund?

Quote:
Originally Posted by nick45
I am a VA resident and would like to invest in Munis Fund to avoid paying federal and state tax on interest earn. Currently, I have no other investment and this is meant to keep my rainy days fund stay ahead of inflation to preserve purchasing power.

Thank you.
If you go with muni bonds, I think that ideally, your priority should be to find G.O. bonds- bonds that the city has to pay back even if it doesn't make enough money on a stadium or tax. Naturally, if you want to be exempt from VA state taxes, you should also buy in-state.

Me? The selection of muni bonds from most retail brokers is about as thin as the selection of beef at an Indian restaurant. I would probably go with a mutual fund, instead.

Alliance Bernstein, Dreyfus, and T. Rowe Price all offer Virginia state and federal tax-exempt funds. However, I think you might actually be better off paying the state taxes and cutting a lot of overhead by investing in a fund from Vanguard.com. Vanguard is known for lower management fees and transaction costs, and it's conceivable that more than 5.75% of your gains are going to overhead with many other funds.
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Old 04-13-2009, 09:50 AM
AvisMorgan AvisMorgan is offline
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Default Re: Where and how to purchase Municipal Fund?

There are different ways to acquire one. You can buy one on the unique issue. There may be a new bond measure or something in your community or a community that you're familiar with, or even one you're not familiar with, however a municipality that is putting out a latest issue, and you can purchase that at the par value of when it's issued and get the original cost.
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Old 04-14-2009, 07:59 AM
angelacollman angelacollman is offline
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Lightbulb Re: Where and how to purchase Municipal Fund?

Quote:
Originally Posted by nick45
I am a VA resident and would like to invest in Munis Fund to avoid paying federal and state tax on interest earn. Currently, I have no other investment and this is meant to keep my rainy days fund stay ahead of inflation to preserve purchasing power.

Thank you.
Hi Nick,
I great that your trying something different from other, but i would like to recommend that investing in Mutual fund is what the recommendation provided by most of the financial experts. It's a great instrument to earn good returns. AS there are various tax saving mutyal funds are available in the market, for e.g in India ,some tax saving mutual funds are
* SBI Mutual Funds
* Bank Of Baroda
* DSP Merrill Lynch Mutual Fund India
* Franklin Templeton Mutual Fund India
* Standard Chartered Mutual fund India
I am sure such tax saving Mutual funds are available in your state as well.

Regards
Angela
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Old 06-11-2009, 03:34 PM
sobir27 sobir27 is offline
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Default Re: Where and how to purchase Municipal Fund?

maybe you should try ETFs instead of mutual funds, I dont know about tax exempt they are or not, just search for them and see if they are better, I read some articles where they are preferred compared to funds which have lots of costs and time consuming. nowadays ETFs are coming to replace them...
search in any stock market knowledge sites.
Sobir!
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