Where do high income folk in high income areas invest their conservative funds?
We have been fortunate to be debt free, college funded, and savings in taxable to cover mortgage. Max'd tax deferred vehicles and spilling into taxable accounts.
Now accumulating net worth at a healthy clip. We've diversified into direct residential real estate already and have enough exposure there. What are people's thought on passive income via municipal bonds in CA? We have a small investment of 10k directly in the past in a 10yr GO Cali bonds paying 5% tax free (cost was 102). With the rising interest rates anticipated don't know if GO vs Cali MUNI bond (and which one) would be advisable
Thoughts?
We have been fortunate to be debt free, college funded, and savings in taxable to cover mortgage. Max'd tax deferred vehicles and spilling into taxable accounts.
Now accumulating net worth at a healthy clip. We've diversified into direct residential real estate already and have enough exposure there. What are people's thought on passive income via municipal bonds in CA? We have a small investment of 10k directly in the past in a 10yr GO Cali bonds paying 5% tax free (cost was 102). With the rising interest rates anticipated don't know if GO vs Cali MUNI bond (and which one) would be advisable
Thoughts?
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