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You might look at Muni-CEF's for Cal.

thank you for the link and pointers... Can you comment on what kind of a time horizon is appropriate for such an investment? ie, would interest rate risk preclude it from being used as an e-fund for money needed in the first few months of an emergency? Would it be ok for later months in the e-fun? Or would it only be good for non-efund? or low-need cash in one's taxable portfolio that can be invested for 1yr? 3yrs? 5yr? etc?

I also am sure some on the board would suggest buying individual triple-tax exempt bonds and buying and holding directly...?

thanks again
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