Could Munis be the Next Bull Market? 2
As the economy slows, one reasonably safe sector that you may want to consider is municipal "muni" bonds. Muni bonds are issued by cities, states and other local governments to raise money for all kinds of public sector construction initiatives, such as schools, roads and bridges.
The competitive yields now offered by muni bonds make them extremely attractive to investors. Since the interest yielded on these bonds is usually exempt from federal taxes — and maybe even state and local taxes if the investor is a resident of the state or city that issues the bonds — you have an investment offering a one-two punch of solid yields and excellent tax savings.
To find out more about the muni bond landscape, I called in one of the country’s foremost experts on the subject, SNW Asset Management portfolio manager Anthony Baruffi.
If you’d like to find out more about the current state of the muni bond market, as well as the outlook for the sector in 2009, then you need to listen to my interview with Anthony.
To listen now, click here.
Jim Woods is a 30-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.
His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. Read more about Jim Woods.
