philq

Bond Ladders vs. Layering with Bond Funds

Am I missing something? If I want bonds I just buy nuveen muni-bond closed-end etf's that now yield 5.5-6% federal tax free--like nqs. I think I have seven or eight of them. Avg duration about 7 years. They have some problems with leverage/auction-rate stuff but nuveen will cut through that I think---they've been around awhile.