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Scratching The Surface; Muni Research; Virginia And Maryland

Though Virginia and Maryland are not exactly "powerhouse" states, like Texas, California, and New York, Virginia and Maryland may pose interesting muni investment regions per se. For a while I've had my eye on Virginia Munis per se. However, upon reflecting upon what makes Virginia Munis attractive, I've been tempted by perhaps similar situations in Maryland. One might at least superficially argue per se, as well, that Maryland, is also geographically much smaller than Virginia, hence perhaps its more like Northern Virginia, without wine, horse and farm country per se, and perhaps this is a good thing in a sense in regards to municipalities always having stable sources of revenues. Needless to say though, these non super populated/commercial regions of Virginia are none the less truly fantastic places as is perhaps attested to in the writings of colonist John Smith, who once remarked concerning Virginia that; "heaven and earth never agreed better to frame a place for man's habitations"(link).

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Haymarket Virginia for ex;(source)

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None the less, perhaps these ponderings deserve at least an initial amount of research so here are some preliminary facts per se, concerning Virginia and Maryland. According to "FRED"; the 2012+1 GDP of Virginia was; 452,585 million dollars(source), while that of Maryland was; 343,383 million dollars(source). These stats put Virginia somewhere inside or just outside the top 10 GDP's in regards to states, and Maryland at least within the top 15.

Things get interesting however, when we dig a little deeper and compare these two state's populations. Hence, we have Virginia's pop. at about 8.2 million(source), and Maryland's at about 5.93 million(source), hence giving us a per capita GDP figure for Virginia of about; $56,500.00, and a value for Maryland of about; $57,166.00. Hence though there isn't really a noticeable difference, that probably couldn't be attributed to external unaccounted for variables(difference is less than 5%(5% of 57K= ~2850), it does seem that Maryland holds a slight edge in regards to per capita GDP.

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Perhaps hence the next step should be seeing the foundations for these figures, and hence looking into how well these sovereign-sounding states' commercial activity is diversified(or not).

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Virginia;

flag image source;(link)

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According to various sources(infoplease.com, netstate.com, and yesvirginia.org) there may be more to the Virginian economy than meets the eye. For example, though its most commercial hustling and bustling region is perhaps found in its northern area next to DC, it also has a few aces up its sleeve per se, tucked away from the traffic and "tumult". For example, though Tobacco, was and perhaps still is a semi-important part of the Virginian economy, chickens, per se, or "livestock" are also becoming key players in the Virginian economic profile per se. Amongst these perhaps not so immediately apparent industries present in Virginia, are some "titanic" players like the shipping hubs in Virginia of Newport News, and Roanoke, not to mention the naval hub at Norfolk(not as busy as ports in California and New York but Norfolk is close, at 4th place overall in regards to US ports(link)). While men and women of the sea are busy bringing in "fish and crabs" from the large coastal fishing areas off of Virginia's coast, IT, Govt. Service, and Govt. workers, are dealing with DC related issues in the state's north. Amidst all of this there is even some aeronautical research conducted in the state per se(At Hampton(as opposed to "Hampton Roads"), as well as some coal mining.

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Maryland;

flag image source(link)

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Cobbling together a few different sources one can perhaps also paint a somewhat more zoomed in perspective on the economy of the suzerain state of Maryland(maryland.gov, netstate.com, infoplease.com, bls.gov). In doing so one may note a good economy overall perhaps in regards to Maryland's, but one which saw the 49th "best" state-economic growth in the nation last year, so perhaps that's not exactly a glass-raising discovery per se(source). However, with that we also have a stable economy perhaps, and one that is none the less quite interesting. For, from a quick glance at the BLS's employment info in regards to Maryland, one may note that the economy is sort of "simpler" or less diversified per se, at least in terms of employment than is that of Virginia. For Maryland's 4 most notable sort of employment are, Transport/Utilities/Services, Government, Professional Services, and Health and Education related activities. Like Virginia, Maryland also is famouse for it "crabbing" per se, as well as other fish related activities, however, unlike Virginia, its Agricultural sector, seems vastly overshadowed by the likes of the defense industry companies/manufacturing industries that operate out of the state. Hence, there seems to be a sort of heavy leaning towards Government related/Defense related activities that really sort of perhaps propel the state's economy. Not to mention being the headquarter-state of various financial firms, like that ram of a financial firm, T.Rowe price. Hence, Maryland perhaps has a greater sort of government tie in to its economy, than Virginia does, perhaps due to Virginia's extra-agriculture related diversification per se. Surprisingly aswell, Virginia's port at Norfolk, also perhaps overshadows Maryland's port of Baltimore, at least in regards to business, with Norfolk being the 4th busiest port overall in the US, with Baltimore, not really being in the top 10 per se(link).

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Hence before getting into the makeup of the municiple investments and portfolio's offered by these 2 states, and the individual investment vehicles one can use to access/invest in said investments, it seems as though the difference between Virginia and Maryland's economies, may come down to a sort of subjective decision. Maryland seems to have a higher per capita GDP, and a more concentrated in Defense/Govt. economy(with some hospitals and education thrown in for good measure), while Virginia seems to have this sort of economy in North. Virginia in particular, with the agricultural buffer/diversification thrown into its portfolio to perhaps provide some extra bulky beta per se, to offset any potential government instability.

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Hence, perhaps with their queenly names these two states provide an interesting backdrop to the curious Municipal bond admirer. Perhaps in the future, the individual investments one can make into these state's bonds should be looked at more thoroughly, however, perhaps for now, we should have at least a precursory understanding of these two mid-Atlantic territories, and perhaps if we are ever on "Jeopardy", and asked about America's busiest ports, perhaps we now will have at least a somewhat better handle of the shipping traffic into and out of this great land per se. Thanks again for reading, I hope everyone's investing is going great, and that one and all have a great weekend.

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Queens in question;

Virginia's namesake; Queen Elizabeth 1(source),

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Maryland's namesake; Queen Henrietta Maria(source)