BlackRock New Jersey Municipal Bond Trust (BLJ)
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Tax-Free Closed-End Funds and Stocks For Income Investing [view article]
Does it relate to buying or selling?----------------
Karmath
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Municipal Bond ETFs and Closed-End Funds [view article]
I own shares in MIY. I called Blackrock and they told me that 12.32% of the income from the fund is subject to AMT. I have had to pay AMT they last two years and it look like I will have to for some time to come. With Michigan's income tax rate at 4.35%, is it better to put the money in a national AMT-free muni bond fund and pay the Michigan income tax or leave it as is? ReplySeven High-YieldingTax Exempt Dividend Stocks [view article]
I'm rather new to CEF's but interested in income products in general. Is there a way to assess the quality of a CEF like, say, PMF? Unlike stocks, there seems to be no analysts' recommendations for these that I can find. Thanks ReplyEditors
General Discussion on BLJ
Is this a buy or a sell? Replye
Seven High-YieldingTax Exempt Dividend Stocks [view article]
Both comments are interesting regarding block trades and market premiums. It tends to rationalize buying the individual issues if you want to avoid both potentials. Then you might actually have to do some homework. When the author worries about investing with less than $5,ooo it is obvious that he needs to learn more before investing anything. Try CD's. It has always been a zero sum game. ReplyJackson
Municipal Bond ETFs and Closed-End Funds [view article]
We've added two new Barclays muni bond ETFs:iShares S&P California Municipal Bond Fund (CMF)
iShares S&P New York Municipal Bond Fund (NYF)
(Thanks JohnB.) Reply
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Seven High-YieldingTax Exempt Dividend Stocks [view article]
author has approached an interesting investing group, muni cef's, but really done a pretty poor job with his recommendations. Most of what he is recommending is trading between moderate premium to NAV and outrageous premium to NAV, all to yield a few tenths of a percent more than CEF Muni's currently trading at decent discounts at NAV. Rather than tossing out my recommendations you need to due your due diligence at www.etfconnect.com go to fund sorter, closed-end fund, discount. Not necessarily saying to just pick the largest discount to NAV, as there are some that have far too low of a yield... however there are plenty with 10% discounts and very good yields. ReplySeven High-YieldingTax Exempt Dividend Stocks [view article]
thanx for the above comment ReplySeven High-YieldingTax Exempt Dividend Stocks [view article]
Be careful with CEFs. In a credit-problem environment like we are currently experiencing, it is very easy to have liquidity dry up. Go back and look at charts for these issues from last year. You'll see a couple of them fall off a cliff with declines in June, August and November. And if you want to buy more than 100 shares, say 5,000, 10,000 or more, you may not be able to get out in one day without taking a real beating. You can't block trade a CEF that only has 100 shares at the Bid. ETFs and even mutual funds (Ugh!) offer much more liquidity and less questionable trading agendas. It will only take one bad experience with CEFs for you and your client's to leave that market forever. ReplyMunicipal Bond ETFs and Closed-End Funds [view article]
Great article. Shouldn't it be updated to include ETFs likeiShares S&P California Municipal Bond Fund (CMF)?
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Jackson
Municipal Bond ETFs and Closed-End Funds [view article]
Update: we added a link to Fred Wilson's excellent article explaining auction-rate municipal bonds:seekingalpha.com/artic... Reply
Jackson
Municipal Bond ETFs and Closed-End Funds [view article]
... and also filled in the other Market Vectors muni bond ETFs, and the muni bond ETF from Powershares. ReplyJackson
Municipal Bond ETFs and Closed-End Funds [view article]
We just updated this by adding the Market Vectors-Lehman Brothers AMT-Free Short Municipal Index ETF (SMB). ReplyTax-Free Closed-End Funds and Stocks For Income Investing [view article]
If you want research recommendations on tax free CEF's, as well as in-depth information about the funds check out herzfeldresearch.com. Reply