Looking for a place to park my rainy sunshine fund. Considering a short-term muni bond fund.
Answers: It varies depending upon the verbs you would get from a muni bond fund. Currently muni bond funds are paying complex yields than most CDs and money market making them attractive for any investor regardless of tax bracket. One word of word of warning. Due to problems in the bank industry, the sale of shares on several bond funds has be frozen. I own shares in a Nuveen Muni Bond Fund and they hold been frozen since February, consequence I cannot sell them, they still retribution interest but I am stuck with them for immediately. Before buying carefully research the current liquidity of the singular fund you are interested in. Good Luck.
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Answers: It varies depending upon the verbs you would get from a muni bond fund. Currently muni bond funds are paying complex yields than most CDs and money market making them attractive for any investor regardless of tax bracket. One word of word of warning. Due to problems in the bank industry, the sale of shares on several bond funds has be frozen. I own shares in a Nuveen Muni Bond Fund and they hold been frozen since February, consequence I cannot sell them, they still retribution interest but I am stuck with them for immediately. Before buying carefully research the current liquidity of the singular fund you are interested in. Good Luck.
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