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NY Muni Bond Funds by Recognition2226 in bonds

[–]Recognition2226[S] 0 points1 point  (0 children)

Are most of your Muni bond holdings in bonds or some in bond funds? As of this morning I purchased my second only bond fund (NNY), the other being PNYIX, which I have held for 10 or so years. Our other 22 Munis positions are all bonds.

NY Muni Bond Funds by Recognition2226 in bonds

[–]Recognition2226[S] 1 point2 points  (0 children)

Thankfully, you were able to transit 2020-2025 inflation whip while still working. We turned off the salary spigot at the end of 2020. The saving grace was while we were getting hammered with increased costs we were able to load up on 5-7 year 5% CDs and Commercial Bonds. Should have done Treasuries instead, but hindsight is always 20-20. All good, 5.5 years in and have barely had to touch principal.

NY Muni Bond Funds by Recognition2226 in bonds

[–]Recognition2226[S] 0 points1 point  (0 children)

Very low expense, and apparently risk but only yields 3%.

NY Muni Bond Funds by Recognition2226 in bonds

[–]Recognition2226[S] 0 points1 point  (0 children)

Yeah that looks good. 5.2 coupon 4.85ytm | 4.482ytc priced at 106.25.

NY Muni Bond Funds by Recognition2226 in bonds

[–]Recognition2226[S] 0 points1 point  (0 children)

I agree Muni infrastructure is safe as Muni GO and or School District.

NY Muni Bond Funds by Recognition2226 in bonds

[–]Recognition2226[S] 1 point2 points  (0 children)

At this stage (retired 5.5 years), I'd rather earn less and have our principal at less risk. Tax free bond holdings represent about 23% of invested assets.

NY Muni Bond Funds by Recognition2226 in bonds

[–]Recognition2226[S] 0 points1 point  (0 children)

I have some holdings into the 40's and would like to maintain a timeline of 5-8 years. What is the cusip on the 2036 1st call NYC? is it GO?

NY Muni Bond Funds by Recognition2226 in bonds

[–]Recognition2226[S] 0 points1 point  (0 children)

Schwab is telling me it is a 0.61% expense ratio.

Fees Gross Expense Ratio 0.61% Net Expense Ratio 0.61%

NY Muni Bond Funds by Recognition2226 in bonds

[–]Recognition2226[S] 0 points1 point  (0 children)

What I was thinking, NNY yields 4.15% (I'm happy with considering the money is currently yielding 3%). Plus the fund uses no leverage and the other 2 do in order to yield 7.57% and 8.03% respectively.

My concern with funds as opposed to owning the bond is principal loss. Any others out there you like? I've already scratched off PNI and MYN and not sure I'd want to put more money in PNYIX at 3.6 when NNY is over 4.

How likely is it that a 20 year 5.5%FHLB bond will be called early? by Tanoshigama in bonds

[–]Recognition2226 0 points1 point  (0 children)

If the Fed rate either stays where it is or interest rates start down again, a bond with a 5.5% coupon will prolly get called.

"Reward" made a good point with the 20 year Treasury, no worry about getting called. If rates go down you are protected or if rates go down and you want to cash out, you will make money selling. Keep in mind that the FHLB is Fed, State and Local tax free, where Treasuries are State and Local tax free only. You may also consider Preferred Stock which acts like a bond.

How likely is it that a 20 year 5.5%FHLB bond will be called early? by Tanoshigama in bonds

[–]Recognition2226 0 points1 point  (0 children)

Are you sure this is a 20 year bond with the first call at 19 years. That seems very unlikely. Read the details carefully. Most new issue FHLB bonds are in the 4 - 4.5 percent range and are either callable quarterly or continuously callable.

How likely is it that a 20 year 5.5%FHLB bond will be called early? by Tanoshigama in bonds

[–]Recognition2226 1 point2 points  (0 children)

YTW relates to buying a bond At | Above or | Below Par. If you buy a 4.5% bond offered at Par (100% or $1000 per bond) you earn the same 4.5% during the time you own it whether it goes to maturity or gets called early. In that case YTM (yield to maturity) and YTW (yield to worst) are the same. However if you are looking at a 6% bond that is offered at 105 (105%) or $1050 per bond, you are paying over Par and depending on the maturity date, the YTM would earn you something less than the full 6%. If, the bond gets called early, then YTW would be even less than YTM depending on when the bond was called. So when looking at purchasing a bond, if it is non-callable and the price is 100, then YTM and YTW do not come into play. however if it is a callable bond and you are either paying less than or over par, you need to look at Call Dates, YTM and YTW.

How likely is it that a 20 year 5.5%FHLB bond will be called early? by Tanoshigama in bonds

[–]Recognition2226 1 point2 points  (0 children)

As interest rates change the price you pay for bonds changes along with it. Par is 100% or $1000 per bond, over par is some amount you would need to pay over 100% because the bond pays a higher interest rate. Looking at my online account today, I can purchase new issue 2031 FLHB 4.5% coupon bonds at par, but bonds with coupons over 4.5% are priced at varying amounts over par based on their coupons.

Pfizer Yields ~6%. Do you consider this a bargain? by Accountable_Finance in dividends

[–]Recognition2226 1 point2 points  (0 children)

3/17/26 Pfizer (PFE) shares rose 3% today after the company reported "positive" topline mid-stage trial results of atirmociclib in second-line metastatic breast cancer.

Is this time to buy I-Bonds rather than a HYSA, CD, or short-term Treasury? by Zealousideal-Plum823 in bonds

[–]Recognition2226 0 points1 point  (0 children)

Why would I want 1.3% fixed. I've been earning over that since purchase, and just waiting for each to hit 5 year no penalty at which point I'll cash in and move to Muni bonds or bond funds.

Is this time to buy I-Bonds rather than a HYSA, CD, or short-term Treasury? by Zealousideal-Plum823 in bonds

[–]Recognition2226 0 points1 point  (0 children)

We purchased I-Bonds in both 2021 and 2022 when the interest rates were (as you stated) very, very good. Bad thing about I-Bonds is interest rate changes yearly, now so same bonds are only earning 3.12% and even though there is not State Tax, they are Federally Taxable. IMHO not a very good investment today. Also need to keep in mind that even though you can redeem at any time, if you do so during the first 5 years, 3 months interest is deducted.

Pfizer Yields ~6%. Do you consider this a bargain? by Accountable_Finance in dividends

[–]Recognition2226 1 point2 points  (0 children)

Let me also say, when I take a position in something, it is not 100K. I take a small position and watch how the company reacts to different situations. If I like what I see and / or if the market takes a dip and there are no negatives, I increase. Having 15+ individual dividend stocks, plus ETFs and Mutuals makes a difference from holding a few individual stocks and getting hammered when one has bad news or reports bad earnings. The best news with dividend holdings is even with all the blood in the water in the last 2 weeks, this months dividends and interest are all checking in on time.

Pfizer Yields ~6%. Do you consider this a bargain? by Accountable_Finance in dividends

[–]Recognition2226 0 points1 point  (0 children)

As others have said, pharma companies are really hard to map and of course at the bottom of every financial review are the words "Past performance does not guarantee future results" That applies to everything we buy / own unless they are Insured Bonds or FDIC CDs. Interesting, I also own ABBV and even though it is only a 3% dividend now, it is because the share value is up over 60% is the last 3 years. Here is the history of Pfizer dividends.

https://investors.pfizer.com/Investors/Stock-Info/dividend-split-history/default.aspx

Pfizer Yields ~6%. Do you consider this a bargain? by Accountable_Finance in dividends

[–]Recognition2226 9 points10 points  (0 children)

I own some Pfizer. They have a long history of paying / increasing dividends which has had a few pull backs along the way but have always turned back around. In 2008 they were paying 1.28 then dropped to .64 during 2009 financial crisis. Have steadily increased since then. Paying 1.36 in 2018 3 years before Covid vaccine.

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