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  • Munis, Michigan, And The Consequence of Choice  [View article]
    Thank you for your insight!
    Aug 22, 2013. 05:33 PM | Likes Like |Link to Comment
  • Munis, Michigan, And The Consequence of Choice  [View article]
    Hello Peter,

    I am heavily invested in Muni closed end funds, and I am seeing my funds steadily going down. Is there a bottom in sight?
    Between the Obama administration efforts to start taxing interest on Munis, continuing rises in interest rates, and the Michigan defaults, I am afraid my investment will eventually be worthless.
    I can't see the end of the downturn.
    what is muni investor to do?
    Aug 18, 2013. 09:12 PM | Likes Like |Link to Comment
  • The Temptation To Chase Past Performance  [View article]
    Hello James,
    I enjoy your articles, but I would like to point out that chasing performance is not necessarily about greed. Most of us small income investors have to chase performance these days, just for survival.
    CDs pay nothing. AAA bonds pay next to nothing. Savings accounts are a joke. Before the 09 crash, I refused to be in stocks and asked my broker to build me a bond ladder. He did...mostly in financials. I ended up holding WAMU and CIT just to mention the best ...
    I recovered by buying stocks at the worse of the crash, and I have been on my own ever since, but I find it very hard to generate enough income with utilities,blue chip dividend stocks and the likes.
    You are very good at advising what not to do, but....
    What would you do in my place?
    Oct 20, 2011. 04:38 PM | 1 Like Like |Link to Comment
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