*Investors Blog*

I appreciate the last year finally Whole Foods had some good sales. 12 pack of my favorite local lager is more than $1 cheaper than anywhere else for example.

Anyway anyone else grab muni bond CEFs for their taxable accounts during the lows?
 
I appreciate the last year finally Whole Foods had some good sales. 12 pack of my favorite local lager is more than $1 cheaper than anywhere else for example.

Anyway anyone else grab muni bond CEFs for their taxable accounts during the lows?
I've had a double tax free CA Muni Bond fund for a few years. I will say it's OK as a diversification for larger accounts if you need income tax relief.
Full disclosure; I am not overjoyed with it. This will be a topic of discussion with my Schwab Private Client meeting later this week.
 
I've had a double tax free CA Muni Bond fund for a few years. I will say it's OK as a diversification for larger accounts if you need income tax relief.
Full disclosure; I am not overjoyed with it. This will be a topic of discussion with my Schwab Private Client meeting later this week.
Well yes if you bought earlier they took a hair cut for sure.

Which fund?

Talking specially about the higher yield states wide closed end muni funds after and during the hair cut. And yes for tax free income.
 
True.

Hopefully the foreclosures are allowed to happen and properties taken back.
Giant debt bubble = Giant amount of defaults.

https://www.yahoo.com/video/blackstone-preparing-record-50-billion-120000092.html


I have some cash on the sidelines…..
Black Stone is probably still doing this because there are still too much money out there for too low of an interest rate, so there are lots of investors (sovereign funds, retirement funds, etc) wanting this sort of properties.

However, it won't "crash" if there are money to scoop them up, unlike back in 2008 when the liquidity basically froze and price fell off the cliff. With enough demand for foreclosure and short sales the market will cool, but not free fall.

These "landlord funds" will have a pretty low return but that's not something the funds are concerned with, they would be happy to break even and sit on those properties.
 
Because of high inflation more middle class and high income customers are shopping there.
Walmart is now more competitive than Amazon on a lot of online orders and ship just as fast. Why use Amazon when Walmart is just as good with 90 days return (if you insist on returning you have to go to the store), free shipping on $35 instead of $25, but more dry food like items?

I think my last 5 online orders, 2 are Walmart, 2 are Amazon, 1 is Target.
 
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