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.
I believe that Etrade.com allows you to purchase Muni-Bonds. Check them out.
__________________
Any Posts I make, are for discussion purposes only. I am not vouching for any programs. One should invest in HYIPs with Extreme Caution. Join Team Earners $13.00 will teach you to make a living online. 100% Money back guarantee.
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.
__________________
If you can't figure out how a company/program makes money, don't invest.
Any post I make should not be construed as an investment recommendation on behalf of myself or my firm.
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.
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.
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!
Where and how to purchase Municipal Fund?
Re: Where and how to purchase Municipal Fund?
Hybrid Mode
