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Joined: 05 Jan 2007
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Hi, I am currently a college student working under a financial advisor and he has given me the following opportunity. I have taken it on for a learning experience, and would appreciate any advice, examples, or suggestions. Details go as follows:
- There is a client who has $500,000 in a triple tax free AAA rated municipal bond money market earning about 3.4%.
- If it makes sense, and we can come up with a good enough alternative; the client is willing to move over to our firm.
- The client is in the 35% tax bracket looking for low risk with a one year time frame and does not want to pay a lot of charges to get in an investment with a one year time frame
- The financial advisor that I work for said it might make sense for him to invest in a taxable fund; and the formula for calculating the break even point of a taxable fund is readily available.
I wasn’t too sure as to what section to make this post in, and do know this is a stock forum, but figured most here would be well versed in everything. Thanks, and I greatly appreciate the help. |
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