[quote=sdrealtor][quote=gzz]I am buying Cal muni bond funds that yield about 5% tax free.
Not risk free but pretty low risk IMO.
They aren’t going to default, but further large rate increases would hurt them.[/quote]
As an inflation hedge?[/quote]
The YTD of one of my CA muni bonds index is pretty much as bad as the S&P 500 this year. And over the past 5 year it’s negative and way worse than the S&P500. One would have been better off just staying in cash.