10-14-2014, 07:55 PM
I see what you're saying. I actually already own those companies and am talking about having a muni bond fund as part of a dividend growth strategy, not replacing it. While I'm not too afraid of the share price dropping over time (great opportunity to buy more; I've never cared about capital gains), the fact that the dividends have been cut over time is definitely a bad thing. It's an easy investment to buy and reinvest, but one has to wonder if falling dividends makes up for having to pay taxes on it.
Maybe if I was older (like in my 50's) this would be a great idea, but I'm still pretty young. Are there any better funds than NRK? I mentioned that one because I was told about it. I'd like to have some tax free income (without having to lock my money in an IRA), but not at the expense of actual growth.
Maybe if I was older (like in my 50's) this would be a great idea, but I'm still pretty young. Are there any better funds than NRK? I mentioned that one because I was told about it. I'd like to have some tax free income (without having to lock my money in an IRA), but not at the expense of actual growth.