Its ok, not great. Its in my category of safer things to do. I don’t see many of the CA munis it holds defaulting, lol. It’s also tax free both federal and state. I figure since I already pay a lot of CA state taxes, I might as well get some back, kind of like the idea of paying more taxes and buying section 8 housing to get some of it back. 🙂
In all seriousness, it was where I was parking my money arbitraging against my previous 2.5% mortgage and 4% rental mortgage, before I paid the former off with Broadcom RSU stock after I left.
(I don’t end to keep investments in the sector I work in, lol)
