Please do share your investing strategies and history when you get a chance so we can all learn from you!

Have you ever considered going into a closed end fund like Eaton Vance’s ETO? I’m just curious what you’d think about it as an investment in a tax-deferred account vs a non-tax deferred account. It actually pays a monthly dividend.

DB

It sounds like you bought a municipal bond mutual fund from T Rowe Price.

I like to buy the actual bond (as you do with T bills) and hold it until maturity. That way I know the principal amount to be returned and there are no additional fees after the intial commission.

Super Saver: A couple of years ago, I indeed bought some NJ municipal bonds from T. R. Price at Scottrade, but sold all the shares after Scottrade started to charge fees. I am a little reluctant to invest in bonds in taxable accounts, but if it’s triple tax free, I think it’s worth considering.

MoneyNing: Actually, it’s a little of both, the investments and incomes from our day jobs. I have set up automatic investment plans for most of the mutual funds I invest in so we just keep adding shares as long as we have our jobs, and this has paid off. In our investments in taxable and retirement accounts, about 30% of the total market value is from appreciation and reinvested distributions.

Yes, I may write something about how I do it.

Your networth is very impressive. Any chance you could share with us how you accumulated so much money? Was it because of investments or job or others?

Looks great. Good luck on getting the number to five figures this year.

Another source you may want to consider is municipal bonds from your state of residence. These are often triple tax free – no fed, no state, and no local taxes. In the past year, I have found some municipal bonds at 4-4.5%. That’s like getting 6% from a taxable investment.