Finguy

An Excellent Time to Buy Munis

Good article. If one buys a muni bond and holds to maturity (and the bond does not default), then the price swings in the interim dont matter to a small investor. But how does it work if you buy a muni mutual fund? The NAV may decrease after you buy- I guess you just hold the fund for long term and hope the NAV goes back up? Do muni mutual funds sell holdings at a loss? Would appreciate some enlightenment on this. Thanks.