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This company is a value investor’s dream. Not only can you double your money with this stock… but you can also collect a 12.7% dividend payout while you wait!
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Time to Buy Munibonds?
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Wednesday, 09 July 2008
After a year of free fall, is it time to buy munibonds now?
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.

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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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