Friday, October 3, 2008

Opportune time for Investing in Muni Funds

A post from V

Given the catharsis that has been going on the financial market, we have been looking for areas where we can squirrel away our savings without worrying about the "Greed is God" gang running away with it. The answer is FSPXX, Fidelity CA AMT Muni Market Fund. You need $25,000 as minimum investment but it returns 4.72%. After adjusting for after-tax returns it runs ~8% (at the highest tax brackets). Vanguard also has similar Muni funds.

Let's take the money below our pillows and get those critters to work…

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