How To Buy Tax-Free Municipal Bonds On Fidelity (Step-By-Step)
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- Опубликовано: 7 сен 2024
- Rates keep going up! 7.11% to 7.48% tax-equivalent yields are what the latest long-dated new issue bonds from the NYC Municipal Water Finance Authority closed at this week & the earliest call date is in about 10 years. As a point of reference, the 10-year Treasury closed out at 4.59% on the secondary market yesterday. Watch on as I walk you through how to buy municipal bonds on Fidelity (step-by-step) in today's municipal bond investing video!
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REFERENCED IN VIDEO:
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SOURCES
www.fidelity.com
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WATCH RECENT MEMBER VIDEOS: ⭐ Jen's Muni Investing Strategy | Five Common Muni Pitfalls: ruclips.net/video/cKDIdWD6IFY/видео.html
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⭐ August Live Member Q&A: ruclips.net/user/livei0TPm72LbsQ
⭐ Bond Diversification Strategies: ruclips.net/video/aOpvUf5OYHo/видео.html
⭐ Agency Bonds 101 Deep-Dive: ruclips.net/video/ggjZSBS4TVc/видео.html
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What is the best platform in terms of user friendliness and live customer support?
Fidelity, E-Trade or other?
Im potentially rolling over an old 401K.
I'm with Schwab and would love a video like this for Schwab. Thank you!
Yes, Jen I would like to see a Charles Schwab Municipal Bond trading video. Thank you for all your hard work making theses videos!
Me too
@@andrewbruce1737I want one for Schwab
Me too
Yes, would be interested in similar Schwab tutorial.
I second all the Schwab tutorial requests! Thanks!
Yes, Please do a Schwab video on this topic! Thank you Jennifer!
Very clear explanation for a first time muni-bond buyer on Fidelity. Thank you, this helps a great deal. Fidelity should post your video as a tutorial on their New Issues page.
Just fyi love your show and yes I am with Schwab. Would appreciate the guidance.
Would really like a video on how to do this on Schwab. Thanks
Yes, a Schwab "how to" would be most appreciated. Really appreciate your work on these videos.
Great video but at this moment in time....I'll stick with T-Bills.😊
Good to know - thanks for sharing
Do a tutorial on Schwab. I’m going to be converting to Schwab from Ameritrade later this year.
Fidelity there is 15 year FEDERAL HOME LOAN BANKS BOND @7% , maturity date 10/26/2038. SFP protection, not continuously callable. Sounds like a great deal, what you think?
Very glad to have found this. I have watched it three times and learn something every time. Will keep going until confident before placing and order.
Absolutely interested in the Schwab process with new issue munis!
+1 Me too
Yup... I'm in Schwab and I've never bought a bond before... Show me how.
We use Charles Schwab and I would love to see a similar tutorial for Charles Schwab. Thank you! Found your channel recently through the youtube algorithm
Im so glad i didnt really make any big mistakes when i started my investment journey last year. So far I’ve just been sticking small amounts of money (think 1-5 bucks) into companies im sure will continue to exist for the next 5 years and if the stocks do well, i hold on. If not, i reinvest the bad ones into the good ones so i can get higher gains. It’s not fool proof, but i did gain about $40 from putting in $20 into NVIDIA earlier this year so that was pretty nice.
Yes Schwab! Thank you 🙏🏼
So helpful, just like all your videos. We really appreciate your taking the time to put these together for us! Relative newbie w/bonds here and am curious, if rates drop significantly in say 3 years, would you expect to sell this muni bond at premium? any insight on how to evaluate what the potential premium might be?
Thanks! This looks pretty complex, but I would be interested in one about Schwab.
Jen, I have a question,hope you can answer! I see a few munis that have SFP, a lower rating (BAA1), BUT are Insured. Would you buy such a muni? Is Muni “Insurance” same as FDIC where I need not worry about safety of my principal?
PLEASE --Can you explain what "coupon" means when looking up Treasury bills, notes, bonds on Fidelity. It doesn't match up with yield so it's confusing. I always pick "Zero" because i understand that one. Please do a video that explains Fidelity coupon/frequency vs Yield. Thank you So much!!!
Coupon is the predetermined interest rate you get every month guaranteed. The yield changes based on your purchase price of your bond. If you purchase the bond at a discount you get a higher yield than coupon rate. If you purchase the bond at a premium you get less "yield" than the coupon rate.
Yes. It would be nice yo see q Schwab tutorial
Yes please a Schwab tutorial Please! Thank you!
The Fidelity website can be confusing at times. Thanks for the easy tutorial.
Jen, please give us some updates with Charles Schwab. How the company’s doing now? Kind of worried that TD Ameritrade is with them now.
I'm a Schwab customer too so would like a video, thanks!
It would be helpful if the date the video was made was included somewhere on the video or the comment page. Not sure if one can really get above 6% in May of 2024.
I would like to see the Schwab video, also. Thanks.
I'm with Schwab too. Thank you.
I made a terrible mistake and sold all my 401K into cash when I lost about 15% of the portfolio last year, worrying the market would drop even more. Do you suggest I should buy all at once to go back to the market? What should I do now? Thank you!
Yes please explain same on Schwab
What is the best platform in terms of user friendliness and live customer support?
Fidelity, E-Trade or other?
Im potentially rolling over an old 401K.
I just rolled a 457 into Fidelity. Their website is clearer and more friendly to use. I do have some money in Schwab also.
I'm on Charlie Swab..... How do you I do it ?
What is the difference in buying new issue versus the secondary Fidelity market?
Please show MUNI options for Schwab. THanks
I'll be interested in Schwab instruction
Please add Schwab video
I'm a Schwabee... and interested to see a how to video with Schwab..
Risk free ? Im ok with losing my interest but can i lose my principle ?
How long till i can withdraw?
Schwab, Schwab, Schwab please…
Yes, yes ,please.
Yes please
Yes, please
Yes
Schwab please
+1. I am interested in Schwab tutorial too. Thank you!
Schwab please
So helpful Jennifer. Thank you.
Schwab for sure
Why don't I ever see any commercial paper offerings by large companies anymore?
Your videos are awesome. However, when I go to the Fidelity site and look at municipal bonds, my screen is different from yours. For example, I don’t have a “tax equivalent yield” column. What is “no bid” vs the “ask” bid? Can you explain how to look at the “spread to treasuries” figure under the “price and performance” tab?
If you follow the steps in the video, you'll get to the same screens. The ask price is the price you pay to buy the bond & the bid price is the price you get when you sell the bond.
I am interested in this for Schwab.
I would definitely watch a Schwab video on Muni's
Tutorial for Schwab please and thank you 😊
Agency bond Fidelity 7% 15 yrs
Please provide Schwab video! Thank you
Yes Schwab please. Thanks
Yep, Schwab!
would you buy these in ROTH accounts since it's tax free anyways?
Hi Jen
I don't know where else to put this question so here goes.
If I purchase a T-bill from Schwab, especially a 4 to 17 week T-bill, there is usually a one week gap between when the t-bill matures and the settlement date of the next t-bill purchase I can perform of the same maturity... roll-over by hand. This can significantly reduce the annual interest rate on a several month t-bill.
Are there any strategies or auto-rollover setups that allow a rollover into the same maturity t-bill without a 1-week gap between maturity and the next settlement date for the same duration t-bill. Thanks and I think your channel is awesome!!
I was told never to purchased munis above par or 100 because it eats up principal investment. Please explain how you will offset purchasing at a premium.
Please show instructions for Schwab too! Thank you!!
ruclips.net/video/vwgGi9zpY50/видео.html
Would love Schwab one
I also see the Silver play button now! Congrats!😊
yes on schwab, thank you.
Do one for Charlie, please!
Thank you. I have been looking at Agency bonds for Federal Home Loan Banks which your previous video stated is exempt from State income tax. I have been looking at one with a 6.27% yield with first call date about 6 months out. I feel this is a win as it is higher than a 6 month T bill, so if it is called, I'll still be earning more than if I purchased a 6 month T bill. Is my calculation correct or am I missing something?
Correct.
You're not considering the risk of the bond not getting called. If I am correct, the bond you are looking at matures on 10/10/2030, seven years from now. Are you prepared to hold to maturity if rates keep going up? If rates shoot up to 8 or 10%, which is not unheard of, you will be stuck at 6.27%, and if you sell then, it would be at a loss.
Thank you for the comment. I will definitely consider that
So what happens if the City (the municipal entity) goes bankrupt? It does happen. Cities do go bankrupt.
She covers this topic in this video: ruclips.net/video/-QSgCK4G9lc/видео.html
I talk about muni defaults in this video: ruclips.net/video/-QSgCK4G9lc/видео.html
Yes, Schwab please
Ditto!
Could you please make one for Schwab?
Check out the 5 year Israel bonds....
Schwab please! Thank you.
Please create a schwab video
This is an informative video for sure! 👍
Sorry if this is obvious to some, but I am totally a newb when it comes to bonds. The muni you chose shows what appears to be (screen is a bit fuzzy) a purchase price of a little over $108 per $100 face value, so it appears you are paying a premium of just over 8% over the face value to make the purchase. Does the tax equivalent yield shown in the chart somehow factor in that premium, or do you need to adjust that number yourself to account for the actual tax-free yield you will get over the life of the bond? Maybe treated as a fee paid?
The outro was priceless
Please do a Schwab video on muni bonds
Interested in knowing how to buy Muni bonds on Schwab.
Yes, Please do a Schwab.
Yes, please show Schwab
Is muni bond guaranteed by government?
Have we moved on from T-bills and agency?
Please for Schwab as well
Yes, on Schwab! Thank you.
Schwab, please😀
Yes on Schwab please
I am with Schwab
“Relatively straight forward” 😂😂😂
yes--schwab video please
Yes to Schwab video please!
Yes. Schwab please.
Is putting emergency funds in a muni money market fund better than a high yield savings?
Keep in mind that if you don’t hold to maturity (or until called), you would have to sell on secondary market to get the funds.
Muni money market funds are liquid. You can deposit and withdraw anytime. @@Ann-yk3sl
@@Ann-yk3slHow do you know if the muni gets called? Do you get an alert or do you have to constantly check?
@@GunterandthePenguins I don’t have personal experience with munis, but with most callable bonds the terms of the sale are something like “callable on x date with 5 days notice”. So yes you would ordinarily expect to get notice.
@@Ann-yk3sl ah that's helpful! So you atleast get some advance notice most likely. I also buy call protected so I never dealt with callable.
Are you concerned that municipal bonds will default especially with a recession on the horizon? I’d be very careful even insured bonds are dangerous if many municipalities default the insurance companies will also go broke just like the homeowners insurance companies did in Florida after the hurricane hit. 🤷♂️
I'm a Schwabber. Please show me how to buy bonds.
Please do one with Schwab
Great video! 0:50
Yes Schwab please
One more vote for a Schwab video!
Schwab one please
Schwab, please
How about Td ameritrade … ?
Yes Schwab
Please do this for Schwab