Anyone here have any favorite tax-free muni’s?
Anyone here have any favorite tax-free muni’s?
Maserati wrote:
Anyone here have any favorite tax-free muni’s?
Most muni funds have longer portfolio duration. A 1% move interest rates on a portfolio duration of 10 years will result in 10% principal change. If you are looking at Close End Funds the cost of leverage is going up with rates.
Maserati wrote:
Hi all,
DJIA down 200 as we speak, around lunch time. Wow.
Seattle well put, that is me. We have been in a different era, and you have to go with controlling forces in order to make decisions about the future during which those forces will dominate. I posted your post years ago, and since then my forays into the markets have been very good, I have always gained except for one time when I broke even. I called it exactly, pretty much.?
Why? Because I had the (mis)fortune to be exposed to a bunch pf people with real money and power, and their advisors and traders, and there was ZERO discussion of nusiness or fundamentals. ZERO. In fact some of the younger among us mot only didn’t care about fundamentals, they didn’t even KNOW about them! And didn’t care to! And many/most with zero business experience.
I realized that at this point it was just a pure game, with nothing to do with business. That is only slightly hyperbolic.
Controlling forces. I have opined on what they will be in the near future, ie until and just after midterms. One i haven’t mentioned recently is the interplay between 401k’s, rotation into bonds by retiring boomers, pension fund insolvency, indexed benefits, inflation, and the strenfth of the dollar—it will be a big controlling factor soon. The reality is that we are in a managed economy.
SPXL was very good for me in this recent action.
That’s why i am never in for more than maybe 2 days, and seldom that.
I don’t have the nads to short the market, but that’s where big money can be made quickly.
Yeah I know those 10-yr duration muni’s...too long for me. Same for 10-yr T’s
Ghost of Igloi wrote:
Absolutely. I must admit my spelling has suffered with spell checkers, and gramatical errors have been a weak spot. Actually math is a strong suit believe it or not. Mostly at a certain age you just say what comes to mind and care very little what others interpret. Of course for better or worse. The unfiltered Uncle Leroy.
Igy
You think you know everything especially on that Grandmaster's running thread!
Lets Tell It Like It Is wrote:
Ghost of Igloi wrote:
Absolutely. I must admit my spelling has suffered with spell checkers, and gramatical errors have been a weak spot. Actually math is a strong suit believe it or not. Mostly at a certain age you just say what comes to mind and care very little what others interpret. Of course for better or worse. The unfiltered Uncle Leroy.
Igy
You think you know everything especially on that Grandmaster's running thread!
Oh isn’t that cute, Mr. Spineless poster makes he appearance here.
Ghost of Igloi wrote:
Lets Tell It Like It Is wrote:
You think you know everything especially on that Grandmaster's running thread!
Oh isn’t that cute, Mr. Spineless poster makes he appearance here.
Don’t be so hard on yourself.
Maserati, only being in the market for a couple of days at a time, that takes some nerves. With access to informed advice, that must be the key. Hell, the only insight i get is Nightly Business Report.
I might trade a tiny fraction of the portfolio on a short term basis, but that only makes me feel like i have control. Really, just about everything is long-term buy-and-hold. After years of this working in my favor, i wish i could get out of the market, but i guess that would make too much sense.
Good luck to you.
As for the market, it seems like we are on the cusp of figuring out if this is going to be a prolonged retrenching of an extended market or range bound trading.
SPXL has been a major one for me, too. I've sold a little recently, but not to reduce the market exposure, just to reduce the leveraged component (i.e.: buying IVV in triple the dollar amount of the SPXL sold).
Hoping we see this double bottom and move up from here....
Ghost of Igloi wrote:
Lets Tell It Like It Is wrote:
You think you know everything especially on that Grandmaster's running thread!
Oh isn’t that cute, Mr. Spineless poster makes he appearance here.
Too bad mac...do you think you own the joint or something?
What's up with this? wrote:
Ghost of Igloi wrote:
Oh isn’t that cute, Mr. Spineless poster makes he appearance here.
Too bad mac...do you think you own the joint or something?
Basically it’s “Lets Tell Like It Like It Is” weak 5th Lumbar vertebrae. The general condition is weasel-like behavior. Causes the poster to repeatedly make He-Bitc# comments.
Igy, why do you feel you must respond every time? It just adds ammunition to those who accuse you of narcissism or those who say you are a stalker.
Ghost of Igy wrote:
Igy, why do you feel you must respond every time? It just adds ammunition to those who accuse you of narcissism or those who say you are a stalker.
Yes, you are correct. Mostly bored while waiting for dinner.
Ghost of Igloi wrote:
Basically it’s “Lets Tell Like It Like It Is” weak 5th Lumbar vertebrae. The general condition is weasel-like behavior. Causes the poster to repeatedly make He-Bitc# comments.
0/10 ?
8/10 ?
Ghost of Igloi wrote:
Ghost of Igy wrote:
Igy, why do you feel you must respond every time? It just adds ammunition to those who accuse you of narcissism or those who say you are a stalker.
Yes, you are correct. Mostly bored while waiting for dinner.
What? She hasn’t been slaving over a hot stove all day? WTF is she doing all day?
seattle prattle wrote:
Maserati, only being in the market for a couple of days at a time, that takes some nerves. With access to informed advice, that must be the key. Hell, the only insight i get is Nightly Business Report.
I might trade a tiny fraction of the portfolio on a short term basis, but that only makes me feel like i have control. Really, just about everything is long-term buy-and-hold. After years of this working in my favor, i wish i could get out of the market, but i guess that would make too much sense.
Good luck to you.
As for the market, it seems like we are on the cusp of figuring out if this is going to be a prolonged retrenching of an extended market or range bound trading.
SPXL has been a major one for me, too. I've sold a little recently, but not to reduce the market exposure, just to reduce the leveraged component (i.e.: buying IVV in triple the dollar amount of the SPXL sold).
Hoping we see this double bottom and move up from here....
Nah, I trade only significant dips. I receive no specific advice, but I have had some pretty frank discussions with people who matter, enough for me to have taken my money out a while back. Scared me straight.
Patterns, trends, levels, and momentum—of investments, debt, and currencies—have been key, overriding things like business, trade, and politics. My balls shrank off years ago when I realized that I had a lot to lose, and didn’t hugely need big gains anymore.
Markets may have actually been well-managed in the recent era, but you should beware the future, as always. Whereas previously I knew it was fixed and biased a certain way, IMO the bias has changed. I am still not sufficiently confident to “invest” in this new bias, however—but it sure would be convenient for me to be able to do so.
Good luck, Seattle, I mean that seriously. The speculating I do now is with only 8-10%.
Going to be another interesting day, I will be watching closely and probably not getting much else done. The euro markets and currency seem like a waste of time to me, more trouble than they are worth. Having said that, I have to manage some investments over there today. The only merit is diversification, other than that it is just a pain.
I did actually buy some GDX and GDXJ, as a first step to buying into gold as I said a few days back. Might finish up a little today, but these are buy-and-hold for me. I will be looking for more ways to add to that basket with money I am removing from oil.
Hope everyone's beautiful 401k's are doing so well. Our beautiful baby boy president can't blame the Fed for the carnage today -- it's all on his moronic tariffs. I knew we would all get sick of winning!!!
Yes wow, today might be better than I expected. Might be another tradable event. Did OK on my oil but timing was a bit late.
Older boomers with bond 401k’s might be doing ok, but anyone heavily in equities is feeling pain.