I am looking for a recommendation for a specific investment for a NY resident. This person has a bond that matures in February, 2017 with an FV of $50K.
Last time they had a bond mature they picked up iShares S&P AMT-Free Municipal Bond Fund ($NYF). Ideally, NY municipal bonds are ideal for this person because of the tax advantages. This person is looking for a continued stream of income.
As it looks, interest rates are rising and we know the impact on LT investments.
Do you have any suggestions? Is there another NY fund like NYF?
Submitted February 01, 2017 at 08:00AM by TOMtheCONSIGLIERE http://ift.tt/2jCUelB
