Bonds and Fixed Income

[NJHowie]

Yeah, it's pretty lonely in my world. I've run across 2 or 3 other folks in one forum that share my passion for purchasing individual municipal bonds.

Right now is a really great time to be purchasing. Lock in long-term very high yields today, kick back and relax. When interest rates eventually go back down, those bonds will jump higher in value and can either keep holding to collect the original high yield, or sell and take profits. It's really a no lose situation at this point. As my maturities, interest, and redemption payments come in, I just roll them out to new long term higher yielding bonds.

Personally, I prefer purchasing the individual bonds versus going with a fund for numerous reasons. The past two years has solidified my thinking as my portfolio has far outpaced the muni bond fund benchmark indexes.

I have mostly all taxable munis as the majority are inside of my tax-deferred retirement accounts. Even for my taxable accounts, I primarily have taxable munis because they were yielding better than the tax free on an after tax basis at the time of purchase.

Best regards.