What they are and how they can fit into your investment strategy
In Your Money Matters, News on 6’s Dave Davis asked Josh Herlan to break down what it really means to invest in municipal bonds and how everyday investors can get started.
“If I am buying a municipal bond what am I doing?”
“Well, yeah, there are a lot of ways to buy a municipal bond,” said Josh Herlan, founder of Future You Financial. “You can go to your brokerage, platform of choice and buy them individually. We’ve been helping a lot of clients do that lately. Or you can buy a bond fund, and that’s kind of a clean, easy way to do it.”
Herlan said he’s currently looking at bond funds with “about a 10 to 15 year maturity to duration. And you’re going to maybe get 4 or 5%, maybe tax for your fidelity tax rate on that money,…
