y****i
发帖数: 778 | 1 It's ok. Ma usually has some amt bond with higher yield. If your income is
not hitting amt, you can choose a muni fund with amt bond with higher yield.
The holding has most bond above aa rating, very high rating means very low
risk so the yield is slightly lower than average. |
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c**********e
发帖数: 694 | 2 muni bond 听起来很好啊，4~5% yield,interest tax exempt,又有insurance，为什么
很多人推荐iBond呢？才2.2% interest？
为什么DIY比买bond fund好呢？bond fund 不是可以随时卖不用等mature么？
新手想买些bond，才发现这里面也这么多门道。。。 |
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y****i
发帖数: 778 | 3 You can choose which individual bond to sell by yourself if DIY to earn
capital gain plus interest. If the market price is lower than your purchase
price, you can hold until maturity to earn a fixed income. In any case, you
won't lose money. If you give your money to a bond fund, basically you don't
have control on your own money. For a long term investment, even 0.25% fee
plus roll cost will have significant impact. However, if your need the money
as liquid as a stock or corporate bond and your... 阅读全帖 |
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y****i
发帖数: 778 | 4 Muni bond with AGM or Mbia insured with 4.5-5 percent tax free return 6 -10
year mature. If your tax bracket is less than 25 percent, bbb investment
grade bond like genworth 7-8 percent yield. If short-term like 1-2 year, m-
REIT like Arr, Agnc, nly or combine these three dependent on your risk
tolerance. |
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s*******d
发帖数: 61 | 5 Muni bond 6-10 year mature 是说得等6-10年么？
10 |
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y****i
发帖数: 778 | 6 For corporate bond, you can sell it online like stock. But the highest bid
price usually need 5 unit(5000$ as principal value), amount lower than that
need to sell as the bid price accept 1 or 2 unit (1000$ or 2000$ face value)
, or you need to call Fidelity to ask a bid quote, like Muni bond. |
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y****i
发帖数: 778 | 7 You will receive interest semiannual or monthly for some corporate bond, so
you can control the cash flow by yourself. If the bond market price goes up,
you can sell it for capital gain plus interest, if the bond market price
goes down, you hold it to maturity to earn interest only. In any case, as
long as the bond does not default or the insurance company still pay you the
interest and principal for some muni bonds, you have no risk losing money.
If you choose bond fund, you don't have control ... 阅读全帖 |
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y****i
发帖数: 778 | 8 Muni bond with AGM or Mbia insured with 4.5-5 percent tax free return 6 -10
year mature. If your tax bracket is less than 25 percent, bbb investment
grade bond like genworth 7-8 percent yield. If short-term like 1-2 year, m-
REIT like Arr, Agnc, nly or combine these three dependent on your risk
tolerance. |
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y****i
发帖数: 778 | 10 Investor can set up bond ladder by themselves. If you are in bay area, I can
teach you on site how to invest in corporate and muni bond market within 2
hours. REIT, preferred stock fund, and Business Development Companies like
Psec can provide high yield in your Ira or Roth Ira. If you 401k has limit
selection, try to include one mixed bond fund with average rating bb+ to Bbb
-, similar to Mxlmx. However, most people may still struggle with down
payment and eager to have a house, for them, I can... 阅读全帖 |
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x****x
发帖数: 262 | 11 前一阵子跟风买了muni bond,现在想出手，发现没有一个open的市场可以卖，必须打电
话给BOA等broker, 他们回去找dealer quote个price回来，问题是他们的价钱比看得到
的市场价低许多，怎样才能卖到close to market price呢？ 请大虾们指教。 |
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y****i
发帖数: 778 | 12 Dependent on how long term and in your taxable or tax deferred account. For
me, the easiest long term for taxable account is individual muni bond. It
guarantee your investment doubled for 15 years if you like semiannually
interest payment or 12 years if you choose zero coupon, and all interests
are tax free. If in your tax deferred account, then BBB Investment grade
corporate bond like Genworth 6-8 percent yield 7-9 year
maturity, m-REIT like ARR or AGNC 15 percent yield, business development
co... 阅读全帖 |
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y****i
发帖数: 778 | 13 Dependent on how long term and in your taxable or tax deferred account. For
me, the easiest long term for taxable account is individual muni bond. It
guarantee your investment doubled for 15 years if you like semiannually
interest payment or 12 years if you choose zero coupon, and all interests
are tax free. If in your tax deferred account, then BBB Investment grade
corporate bond like Genworth 6-8 percent yield 7-9 year
maturity, m-REIT like ARR or AGNC 15 percent yield, business development
co... 阅读全帖 |
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y****i
发帖数: 778 | 14 If your tax rate is lower than 25 percent, BBB corporate bond like Genworth
6-7 percent yield, 5-7 year maturity. m-REIT like ARR, AGNC 14-15 percent
yield and low risk before 2015. If your income fed tax rate is higher than
28 percent or hit AMT, can buy and hold even the bond market price is lower,
try individual muni bond with monoliner insurance, 4-5 percent yield but
tax free. Combination of these three will give you 6 percent yield after tax
, or try to put corporate bond and m-REIT in you... 阅读全帖 |
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y****i
发帖数: 778 | 15 If your tax rate is lower than 25 percent, BBB corporate bond like Genworth
6-7 percent yield, 5-7 year maturity. m-REIT like ARR, AGNC 14-15 percent
yield and low risk before 2015. If your income fed tax rate is higher than
28 percent or hit AMT, can buy and hold even the bond market price is lower,
try individual muni bond with monoliner insurance, 4-5 percent yield but
tax free. Combination of these three will give you 6 percent yield after tax
, or try to put corporate bond and m-REIT in you... 阅读全帖 |
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W*****7
发帖数: 830 | 16 yes. I do hit AMT. does that mean I should not choose municipal bond or
municipal bond fund? but I remember that some muni bond is AMT-free. |
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y****i
发帖数: 778 | 17 Most muni are AMT-free. Some funds have AMT bond because the yield is
slightly higher than AMT-free bond, just avoid those funds. |
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y****i
发帖数: 778 | 18 No, discount muni bonds are more attractive because you will avoid losing
money if the issuer call back earlier than maturity. Most bonds have call
protection if less than 10 years from new issue, but under some conditions
some bonds can still partial call. It will count as capital gain if you hold
it to maturity, but for investment, capital gain pay tax still better than
lose money to claim capital loss.
subject
capital |
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W*****7
发帖数: 830 | 19 thanks. Does that mean under the same condition, zero coupon will give your
higher YTM than non-zero coupon, right? because you need to adjust for the
capital gain tax for discount muni bond.
hold
than |
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W*****7
发帖数: 830 | 20 低手来回答一下。
contribute 5000$ as non-deductable to IRA and then convert to ROTH IRA.
Most of Muni bonds are exempt from fed tax, state tax and AMT. I bond
extempt from state tax. But they all have quite low yield unless you take
higher risk.haha. YMYD. |
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J*y
发帖数: 271 | 21 Roth IRA 本来收益就不交税，用来买收益免税的muni bond不划算吧。
那么用401账户买的话，将来取出来的时候收益怎么交税？ |
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y****i
发帖数: 778 | 23 If you want to buy BAB, select federal tax exempt as no, so you can search
taxable muni bond. |
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y****i
发帖数: 778 | 25 Muni bond with AGM or Mbia insured with 4-4.5 percent tax free return 6 -12
year mature. BBB investment grade bond like genworth 6-7 percent yield and m-
REIT like Arr, Agnc or BDC like PSEC in your IRA or combine these three
dependent on your risk tolerance. |
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y****i
发帖数: 778 | 26 My Fidelity Bond account balance 280k, Interest 12112$ a year after tax,
13500$ if including zero coupon bond for about 20k. Long-term capital gain
9319, short term 3287, total capital gain 12606$ this year. Of course
capital gain can be 0 if interest rates go up, but bottom line is you never
lose money, or 4-5 percent yield after tax if you hold the bond until
maturity when the market price is lower. For small rich investors have asset
between 250k to 2 million, I think individual corporate and... 阅读全帖 |
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C****n
发帖数: 2324 | 27 GOD, I need to learn from you guys carefully, as I was looking for any
investment with 5% return for a long time!
People say Cash is the king, but Cash in the bank is not a good feeling.
I have a Ameritrade account, will that be OK to buy the same Fidelity Bond?
Not sure where to buy corporate bond and muni bonds?
never
asset
are
very |
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y****i
发帖数: 778 | 28 Fidelity has about 30000 muni bond and 25000 corporate bond to choose during
9am to1pm EST time, so far I don't see any other broker has so many
inventory to search. However, as long as you can find reasonable yield bond
with your broker, it's fine to buy there. |
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h******b
发帖数: 6055 | 32 仔细考虑以后还是决定买bond fund为主了，我觉得玩bond专业的团队优势太大了，自
己不太可能工作时间下单买bond。而且bond fund比较好出手。我会选最近一年
dividend占了return 75%或更高的，找价钱不怎么变，靠dividend吃饭的。
因为Fidelity和Vanguard是泰山北斗，用他们平台交易他们自己的产品是没有手续费，
我估计是二选一。Fidelity好像如果交易别的东西好一些，所以可能还是Fidelity。不
过vanguard fund每年的expense真的低啊。
FGMNX US FIDELITY GNMA FUND
FSTGX US FIDELITY INTERMED GOVT INCOM FTBFX US FIDELITY TOTAL BOND FUND-TB
FSTFX US FIDELITY SHORT INTERM MUNI I
VFIUX US VANGUARD INTM TERM TREAS-ADM
VFIJX US VANGUARD GNMA FUND-ADM VFIDX US VANGUARD INTM TRM INV ... 阅读全帖 |
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p***e
发帖数: 472 | 33 从Fidelity买munis除了transaction fee, 还收额外的管理费么？
如果被early call了，要交transaction fee吧？
谢谢！
prices
you
★ 发自iPhone App: ChineseWeb 7.7 |
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p***e
发帖数: 472 | 34 Thank you.
It seems like fidelity IRA doesn't allow me to buy tax-free munis.
return
maturity, |
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y****i
发帖数: 778 | 35 You can try zero coupon muni bond which is tax free, 5-6 percent yield for
10-16 year maturity, double your principal in 13-15 year. Like your child is
6 year old now, You can put same amount for 11,12,13,14 year maturity for
his/her 4 year college tuition. |
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s**********v
发帖数: 1379 | 36 大水中仿佛看到提到过.
这o8继续,不能不听政府的话阿 |
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p*****r
发帖数: 595 | 38 购买金额不会很多，几千到几万美元吧，在哪里可以买到呢，手续费要低的，还有买了
后可以方便的卖掉的，不需要一直hold，谢谢 |
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y****i
发帖数: 778 | 39 Yes. However, you will lose money if the bond market is going down and your
bond funds realize the capital loss at the same time. For individual bond
investors, they can always choose to buy and hold until maturity, and thus
never lose money as long as the bond does not default. |
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y****i
发帖数: 778 | 40 1. No, it is not state tax exempt if you outside of CA. If you live in NY,
IL, MA, NJ, CT or OR, you can buy your own state GO. I don't know how
liquidity of small sate GO. Because of no income tax for TX, WA and FL, the
demanding of these bonds is not as high as CA or NY whose state tax is much
higher. Only PR bond is state tax free even for residents outside of PR.
2. Yes, there is no tax-exempt corporate bond. That is the trade off for
liquidity.
outside |
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y****i
发帖数: 778 | 41 Tax exempt Municipal bond if your tax bracket is 28% or higher, especially
if you hit AMT. No stock can garantee you return. Lower rating investment
grade A- or BBB+ muni bond with top two monoliner insurance AGM/FSA or MBIA/
FGIC/NATL is the best choice to replace your long term CD. Focus on
garanteed cash flow to improve your life quality or reinvest for compound
interest. Higher return is a bonus, but no loss is the key for long term
successful investment. |
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S**C
发帖数: 2964 | 42 I really doubt that will happen. It is not like catching fat cats, paying
fair share, or something like that, it is nothing but a fiscal transfer from
local and states to the fed. If enacted, I expect the states will fight all
the way to the Supreme Court, as it is not clear if it will run afoul of
the so-called "intergovernmental tax immunity doctrine". |
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y****i
发帖数: 778 | 43 Yield是真正的利率（孽息率），coupon是票面利率。if yield is > coupon, your
purchase price is lower than par value, 100$. If yield is < coupon, your
purchase price is higher than $100. Bond holders earn interest everyday. If
you buy a bond, you need to pay interest. If you sell the bond, buyer will
give you the interest. Interest is count day by day. |
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s********k
发帖数: 6180 | 44 很多muni之类的bond评级都很差，是不是评级也就是根据最近的表现，在选择的时候参
考价值大吗？ |
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y****i
发帖数: 778 | 46 只要你的投资收益大于房贷利息并且控制好现金流，贷的越多越好。对于hit AMT的家
庭来说，贷款利息可以抵消更多的联邦税，26% or 28% *1.25 = 32.5% or 35%, more
than 28% if you do not hit AMT.
Individual 3-5% tax free muni bond with AGM or MBIA insurance or investment
grade corporate bond with 4-7% taxable interest based on your income or tax
bracket, state tax, risk tolerance and liquidity requirement. Details in
bond club:
http://www.mitbbs.com/club_bbsdoc/Bond.html |
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S*******t
发帖数: 97 | 47 我看到一些new bond, expected yield是2.0%,但是expected coupon是4.0%。这是不是
说对于$100的bond,每年有$4的coupon,等到mature了以后还给你的是$102?
那么对于secondary market上的bond, ask yield是怎么计算的呢？我看到有recent
trade是$122, coupon是5.75%的bond, ask yield是1.44.不是很明白。 |
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y****i
发帖数: 778 | 48 1) No,等到mature了以后还给你的是$100, not $102. You need to pay premium when
the bond is issued, so the initial offering price is >$100.
Yield rate is the interest earned by the buyer on the bond purchased which
is expressed as a percentage of the total investment. Coupon rate is the
amount of interest derived every year, expressed as a percentage of the bond
's face value. Yield is the real return of the bond, coupon rate is only
based on face value, or say $100.
2) How many years are the bond? Most like... 阅读全帖 |
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S*******t
发帖数: 97 | 49 多谢。对于第一个问题，那么这个yield 2%是如何体现呢？比如我买$100的bond, 花了
$105. 5年以后除了每年的coupon dividend, 回到手的还是$100? 那2%的yield return
是会给你2%的利息吗？
对于第二个问题，看来secondary market的bond最后return并不是很高。是不是一般都
应该focus on new issued bond?
when
bond
but |
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n******h
发帖数: 2544 | 50 嗯，我只锁到2.75% 15年。
能推荐4%的muni bond吗？最近stock涨太多，不敢都进去，谢谢！
,
tax |
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