Best Mutual Funds
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[quote=Omar]Anyone have a good short duration fund that is liquid? I’ve looked at Legg Mason short term muni class C that does not have a CDSC for clients looking for higher yield over CDs. Just curious if any of you are using short term bond funds that don’t have a holding period.
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Omar I have used that fund a few times and I am happy with the results.
Omar and Noggin … How could you feel good about putting your clients money into a short term muni bond fund that has that kind of track record? Am I missing something - looks like alot better options out there.
[quote=voltmoie] Omar and Noggin … How could you feel good about putting your clients money into a short term muni bond fund that has that kind of track record? Am I missing something - looks like alot better options out there.
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Volt, I haven’t and that’s why I’m asking.
Ice, couldn’t find this on their website - any idea what the sales charges / short term trading fees are for a C share? (being lazy, I know)
If a client needed money in the short term I would put half of their money in an A-share American fund and B-share Putnam fund, preferably something with a high exposure to financials.
If a client needed money in the short term I would put half of their money in an A-share American fund and B-share Putnam fund, preferably something with a high exposure to financials.
The LM Intermediate Muni C has no CDSC? I have so many clients looking to park cash money, and it's tough to recommend anything short term that doesn't have fees/commissions/CDSC or too much risk. It's a tough interest rate environment...Excuse me it was the intermediate tax free that we used…
That’s right. NO CDSC. I think it is up a little over 10% YTD.
It's a very tough interest rate enviroment....Clown.If a client needed money in the short term I would put half of their money in an A-share American fund and B-share Putnam fund, preferably something with a high exposure to financials.
Clown.[/quote][quote=SometimesNowhere]If a client needed money in the short term I would put half of their money in an A-share American fund and B-share Putnam fund, preferably something with a high exposure to financials.
[quote=iceco1d]
Take a look at Goldman Sachs Short-Duration Tax-Free Fund.
[/quote] This has a 1 year CDSC on the C right? Looking for something liquid, thanks for the advice though.[quote=noggin]That’s right. NO CDSC. I think it is up a little over 10% YTD.
It's a very tough interest rate enviroment....[/quote] That's good stuff, thanks.[quote=noggin]That’s right. NO CDSC. I think it is up a little over 10% YTD.
It's a very tough interest rate enviroment....[/quote] I checked it out - good stuff. I am actually looking at the short-dur fund, as there are virtually no volatility. The Intermediate Fund is better for a bit longer time horizon. The few clients I am referring to are looking for something that is as close to a replacement for MMKT as possible. I just have to check if it's AMT free (or close to it).[quote=voltmoie][quote=noggin]That’s right. NO CDSC. I think it is up a little over 10% YTD.
It's a very tough interest rate enviroment....[/quote] That's good stuff, thanks.[/quote] So now it's good stuff after you read me the riot act about performance?? No worries.......[quote=noggin][quote=voltmoie][quote=noggin]That’s right. NO CDSC. I think it is up a little over 10% YTD.
It's a very tough interest rate enviroment....[/quote] That's good stuff, thanks.[/quote] So now it's good stuff after you read me the riot act about performance?? No worries.......[/quote]No, the intermediate is good as is the short term muni. I was actually looking at the legg short term partners fund which lost 12% last year. Which is why I asked if I was missing something ... I was, the right fund!!!
The only issue I have is that it's mostly subject to AMT. I am looking into a Fidelity Advisor ST muni fund that is AMT-free.
I will use the LM fund for clients that are not subject to AMT. Unfortunately, most of my clients that want/need this type of fund are subject to AMT (clients with lots of excess income, and free cash getting nothing at the bank).
This kind of stuff is where this forum is really good. Sharing ideas to help each other help our clients…
Thanks![quote=B24]
The only issue I have is that it's mostly subject to AMT. I am looking into a Fidelity Advisor ST muni fund that is AMT-free.
I will use the LM fund for clients that are not subject to AMT. Unfortunately, most of my clients that want/need this type of fund are subject to AMT (clients with lots of excess income, and free cash getting nothing at the bank).
[/quote] Did you look at the Thornburg?