Let us break this down 1. You give some money to invest in municipal bonds 2. This money is invested in local government projects 3. Like the train system in Santa Monica 4. Some time passes 5. You receive yield payments back from your bond 6. You don’t have to pay taxes on your yield 7. #moneyface 8. This all equals a municipal bonds Now let us piece this together; first you give some money to invest...
Open Market V.S Saving Account
I have had a lot of friends who have asked me, hey what is a better savings account XXX or YYY for returns and I give them the same meme face of “Are you serious?” and then I respond with hey if you want to collect pennies on the dollar then by all means put your money in a savings account. It is important to have a savings account as the place to store away nuts in case of emergency, just like a squirrel...