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Originally Posted by Catalina36
Thanks for that info. Buying new funds of IIM or buying on the open market brokerage account. Whats the difference if I am getting 5.7% fed tax free and a monthly payout?
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There is not much difference, if you are not paying a commission to buy and sell shares, and your broker is calculating your cost basis and taxable events for you. The only other difference would be if you want more liquidity. With Vanguard mutual funds, I can transfer money from a mutual fund to my money market account online, and write a check immediately. But, as I said, IIM appears to be a good investment. I don't use a brokerage account because I have always been able to find an equivalent alternative for almost any type of investment using no load mutual funds.