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vanguard muni bond funds

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  • vanguard muni bond funds

    Any advice for type of Vanguard muni fund for taxable brokerage account?

    Intermediate term? Long term?

    I am 46 and plan to work and contribute to my assets for at least another dozen years, fwiw...

    Thanks!!

    Dean T

  • #2
    Inter term TE.
    Also depends on state.

    Comment


    • #3
      Thanks -

      I am in WI, so I dont think I can take particular advantage of the state specific ones that I saw offered by Vanguard...

      Comment


      • #4
        I use the intermediate term muni fund

        Comment


        • #5
          https://investor.vanguard.com/mutual-funds/list?assetclass=bond&taxeff=xmpt#/mutual-funds/asset-class/month-end-returns

          I used to use the intermediate term tax exempt fund, but have recently changed to the vanguard state tax exempt fund to see if it will save me more on my state taxes.   I was just looking at this list again though and didn't realize that they had a high yield tax exempt fund, may be interested in trying that if you can tolerate the increased risk.

           

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          • #6


            high yield tax exempt fund, may be interested in trying that if you can tolerate the increased risk.
            Click to expand...


            Don't reach for yield in bonds.  Buy bonds for safety and ballast, buy stock for risk / yield.

            William Bernstein makes a pretty good case that you don't want to buy junk bonds for the long term.  The ratings scales used by Fitch, Moody's, and the other bonds raters are different for government versus corporate debt.  A lower rated but still investment grade government bond is far less risky than an apparently higher rated corporate bond.  Different scales, different risks.

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