Individual Muni Bonds

[BLADEMDA]

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Anyone buying Individual Muni Bonds? With interest rates likely to rise this year I'm thinking of buying Individual Bonds. For example, An Electric Company in the south has a A rated Bond yielding 3.7% through 2020. The yield is much better than a CD and the company looks solid.

Opinions?

 

[deleted50478]

Or anyone like floating-rate preferred shares ahead of eventually rising interest rates?

 

[Ignatius J]

Or anyone like floating-rate preferred shares ahead of eventually rising interest rates?

With inflation averaging 3%, I have a hard time getting excited about bonds. I know munis are tax free, but I would like to see the higher interest rate you talk about.

 

[deleted126335]

I have considered buying individual bonds. Ultimately decided against it. You will need to spend some time learning how the markets work. Very easy to get screwed on the bid/ask spread for individual bonds. If you do it, stick with AA or better. Plan on holding to maturity and not using this money for rebalancing.
http://www.emma.msrb.org

 

[pie944]

Anyone know a good book for bonds? Something not too basic, but with clear explanations?

 

[deleted126335]

Annette Thau's Book
Larry Swedroe's book