I’m thinking about re-structuring my bonds in taxable accounts. I started out holding a mix of vanguard intermediate term tax exempt and California intermediate term tax exempt funds. I have migrated my new purchases of the national muni fund to limited term tax exempt, and was thinking of selling my entire CA intermediate term stake and replacing it with CA long term tax exempt bonds (duration of 7.2 years vs 4.8 years — I’m comfortable with that). The intermediate term CA fund has a small loss of a few k. Is this a reasonable TLH move, or would the two funds be considered too similar for that? (I suspect it’s ok, but wanted to double check.)
Oh, and Merry Christmas!
Oh, and Merry Christmas!
Statistics: Posted by theorist — Mon Dec 25, 2023 10:52 am — Replies 1 — Views 80