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Time to Buy Munibonds? |
Dear Reader, President’s plan is that he wants to use everyone’s tax dollars ... A week ago Friday, President Bush announced his plans for helping homeowners that are at risk of losing their homes due to the current mortgage crisis. I have issues with this announcement. |
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| Time to Buy Munibonds? |
| Wednesday, 09 July 2008 | ||||||||
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It may be. High-yield munibond funds like the Legg Mason Partners Municipal High Income (STXAX) have made some gains in the past few months of 2.5%. High-yield munibonds that fund the construction of hospitals and schools are riskier than bonds that fund basic state and local governments. But they’re returning 3% more than safer munibonds. ![]() Best of all, the STXAX costs an initial investment of only $500, with additional investments of $50. That’s a cheap investment for a safe haven portfolio. The munibond fund has been up 4.9% over five years annualized… Ann Sosnowski Editor, Safe Haven Investor
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