Let me know what you find out too Steve. I just recently set up a Vanguard account with $50,000 to get my foot in the water with municipal bonds. I invested in the intermediate term bond fund which has an expense ratio of 0.20% (0.12% if you invest 100k). I *think* it is a reasonable investment with fairly low risk, but I don't like the idea of losing principal.
What are you thinking a person would have to invest in individual muni bonds to make it worth the time and trouble to get a reasonably diversified portfolio? $200,000? more? less?
I want to keep the muni portion of our investments at about 30%
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