Municipal Bond Forum
Still sleeping fitfully in Florida
Q
I welcomed your article about misconceptions in the muni market. As a muni investor, I’m concerned that the government will find ways to change the game and beleaguered states will default or look at Chapter 9. I still invest in high quality muni bonds and usually include bonds with insurance, if possible (no guarantees there either!). But I don’t sleep well and remain concerned as to the future of these investments and our ability to work out our challenges without making bondholders look like evil people stealing money from “Joe the plumber.”
A
James A. Klotz responds:
We appreciate and agree with your comments.
We must, however, point out something you are very aware of: no investment is without risk, and you continue to be a bond investor because you have less comfort with the alternatives.
Start here.
Do you have specific criteria for bonds you’re looking for? Let us know and we’ll e-mail you bonds that fit your needs. There is no charge for this service.
The responses provided in this forum are meant to address specific questions posed by investors about their municipal bonds and to provide market insight for our general audience. Please note, your investments, objectives, results and experience may differ significantly. Our answers and any potential strategies discussed should not be construed as a solicitation to buy nor sell any security or investment product. All investing entails risk.