Home › Forums › Financial Markets/Economics › How to buy California tax free municipal bonds?
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January 17, 2008 at 6:57 PM #137802January 17, 2008 at 8:37 PM #137702
Running Bear
ParticipantPlease don’t buy CA muni bonds right now. With housing crashing and the bond insurers about ready to get downgraded and then go Bankrupt, do you really want to put your money there?
January 17, 2008 at 8:37 PM #137906ParticipantPlease don’t buy CA muni bonds right now. With housing crashing and the bond insurers about ready to get downgraded and then go Bankrupt, do you really want to put your money there?
January 17, 2008 at 8:37 PM #137939ParticipantPlease don’t buy CA muni bonds right now. With housing crashing and the bond insurers about ready to get downgraded and then go Bankrupt, do you really want to put your money there?
January 17, 2008 at 8:37 PM #137964ParticipantPlease don’t buy CA muni bonds right now. With housing crashing and the bond insurers about ready to get downgraded and then go Bankrupt, do you really want to put your money there?
January 17, 2008 at 8:37 PM #138005ParticipantPlease don’t buy CA muni bonds right now. With housing crashing and the bond insurers about ready to get downgraded and then go Bankrupt, do you really want to put your money there?
July 14, 2009 at 10:53 PM #430239Anonymous
GuestWhen you buy a CA Muni, don’t even look at the insurance. Whether it is FSA, AMBAC, or Berkshire, focus instead on the underlying credit of this issuer.
To say “don’t buy CA Munis” is a pathetic statement. There are some great deals to be had out there. A rated short term bonds can be picked up at a discount. Remember, California has the 7th largest economy in the WORLD, don’t let some misleading news make you miss out on some great opportunities.
If you are looking at buy CA Munis, look at the bonds debt service coverage, assessed value to lien and so forth. And always remember, high yield equates to a higher risk. Always ask your broker what secures the issue.
Most importantly, dont take into consideration what you see in the news. They are trying to sell papers. If you have the capital, use it wisely.
July 14, 2009 at 10:53 PM #430457GuestWhen you buy a CA Muni, don’t even look at the insurance. Whether it is FSA, AMBAC, or Berkshire, focus instead on the underlying credit of this issuer.
To say “don’t buy CA Munis” is a pathetic statement. There are some great deals to be had out there. A rated short term bonds can be picked up at a discount. Remember, California has the 7th largest economy in the WORLD, don’t let some misleading news make you miss out on some great opportunities.
If you are looking at buy CA Munis, look at the bonds debt service coverage, assessed value to lien and so forth. And always remember, high yield equates to a higher risk. Always ask your broker what secures the issue.
Most importantly, dont take into consideration what you see in the news. They are trying to sell papers. If you have the capital, use it wisely.
July 14, 2009 at 10:53 PM #430979GuestWhen you buy a CA Muni, don’t even look at the insurance. Whether it is FSA, AMBAC, or Berkshire, focus instead on the underlying credit of this issuer.
To say “don’t buy CA Munis” is a pathetic statement. There are some great deals to be had out there. A rated short term bonds can be picked up at a discount. Remember, California has the 7th largest economy in the WORLD, don’t let some misleading news make you miss out on some great opportunities.
If you are looking at buy CA Munis, look at the bonds debt service coverage, assessed value to lien and so forth. And always remember, high yield equates to a higher risk. Always ask your broker what secures the issue.
Most importantly, dont take into consideration what you see in the news. They are trying to sell papers. If you have the capital, use it wisely.
July 14, 2009 at 10:53 PM #430751GuestWhen you buy a CA Muni, don’t even look at the insurance. Whether it is FSA, AMBAC, or Berkshire, focus instead on the underlying credit of this issuer.
To say “don’t buy CA Munis” is a pathetic statement. There are some great deals to be had out there. A rated short term bonds can be picked up at a discount. Remember, California has the 7th largest economy in the WORLD, don’t let some misleading news make you miss out on some great opportunities.
If you are looking at buy CA Munis, look at the bonds debt service coverage, assessed value to lien and so forth. And always remember, high yield equates to a higher risk. Always ask your broker what secures the issue.
Most importantly, dont take into consideration what you see in the news. They are trying to sell papers. If you have the capital, use it wisely.
July 14, 2009 at 10:53 PM #430822GuestWhen you buy a CA Muni, don’t even look at the insurance. Whether it is FSA, AMBAC, or Berkshire, focus instead on the underlying credit of this issuer.
To say “don’t buy CA Munis” is a pathetic statement. There are some great deals to be had out there. A rated short term bonds can be picked up at a discount. Remember, California has the 7th largest economy in the WORLD, don’t let some misleading news make you miss out on some great opportunities.
If you are looking at buy CA Munis, look at the bonds debt service coverage, assessed value to lien and so forth. And always remember, high yield equates to a higher risk. Always ask your broker what secures the issue.
Most importantly, dont take into consideration what you see in the news. They are trying to sell papers. If you have the capital, use it wisely.
July 14, 2009 at 10:55 PM #430982Guest[quote=Fearful]LOL, I would have sold you mine. I unloaded them a couple of months ago, precisely because I figured their revenue would be in jeopardy, and the insurers would start to default, sooner or later. I still have some but they are in small chunks and hence (knock wood) risk is not too high.[/quote]
Yeah, you unloaded you bonds and lost a LOT of money. CA munis don’t default, for the most part. A study was done that indicated that 1 in 12,000 A- rated or better CA munis have the chance at a default. And even when they default, chances are you will still get your principal + interest back, eventually. Selling your bonds was the wrong thing to do. They are a buy and hold investment.
But, by you selling, that gave a more savvy investor the opportunity to pick them up at a discount and make a pretty penny off of you.
July 14, 2009 at 10:55 PM #430823Guest[quote=Fearful]LOL, I would have sold you mine. I unloaded them a couple of months ago, precisely because I figured their revenue would be in jeopardy, and the insurers would start to default, sooner or later. I still have some but they are in small chunks and hence (knock wood) risk is not too high.[/quote]
Yeah, you unloaded you bonds and lost a LOT of money. CA munis don’t default, for the most part. A study was done that indicated that 1 in 12,000 A- rated or better CA munis have the chance at a default. And even when they default, chances are you will still get your principal + interest back, eventually. Selling your bonds was the wrong thing to do. They are a buy and hold investment.
But, by you selling, that gave a more savvy investor the opportunity to pick them up at a discount and make a pretty penny off of you.
July 14, 2009 at 10:55 PM #430753Guest[quote=Fearful]LOL, I would have sold you mine. I unloaded them a couple of months ago, precisely because I figured their revenue would be in jeopardy, and the insurers would start to default, sooner or later. I still have some but they are in small chunks and hence (knock wood) risk is not too high.[/quote]
Yeah, you unloaded you bonds and lost a LOT of money. CA munis don’t default, for the most part. A study was done that indicated that 1 in 12,000 A- rated or better CA munis have the chance at a default. And even when they default, chances are you will still get your principal + interest back, eventually. Selling your bonds was the wrong thing to do. They are a buy and hold investment.
But, by you selling, that gave a more savvy investor the opportunity to pick them up at a discount and make a pretty penny off of you.
July 14, 2009 at 10:55 PM #430459Guest[quote=Fearful]LOL, I would have sold you mine. I unloaded them a couple of months ago, precisely because I figured their revenue would be in jeopardy, and the insurers would start to default, sooner or later. I still have some but they are in small chunks and hence (knock wood) risk is not too high.[/quote]
Yeah, you unloaded you bonds and lost a LOT of money. CA munis don’t default, for the most part. A study was done that indicated that 1 in 12,000 A- rated or better CA munis have the chance at a default. And even when they default, chances are you will still get your principal + interest back, eventually. Selling your bonds was the wrong thing to do. They are a buy and hold investment.
But, by you selling, that gave a more savvy investor the opportunity to pick them up at a discount and make a pretty penny off of you.
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