Yes, it is time. A few of the odd collections of stocks that I own still have high yields, like PVL with a 15.92% yield, but some of the others have taxable yields higher than the tax-exempt municipal bonds. Time to take those behind the barn and shoot 'em.
I am waiting for some sell transactions to complete but Id Hlth Fac Auth Rev REV 3% 03/01/2051 Callable has a yield to worst of 4.393% first callable in 2032, by which point I may not care. Remember that is exempt from both federal and Idaho income tax. That is equivalent to 6.56% taxable income in my marginal tax bracket and is safer than almost any stock. Reducing taxes to the most wastrel entity that taxes me is a win as well.
The market is rising today, so I may do this over several days.
No comments:
Post a Comment