Originally Posted by mickeyd
Those of us still invested in equities must not be "wealthy" since they (the wealthy folks) are all "sitting on their cash". At least they found out about LBYM...who here on this ER forum leaked that nugget to all of those folks?
It was Professor Plum with the candlestick in the library.
Interesting section about munis. Looks like the herd may be going that way this time around. Moooooooooooooooo...<dust cloud and thundering hooves>
These have been are a fave of mine (no I'm not rich) for quite a while and still are for unanticipated short term needs.
In 2008, losses in my 2 VG muni MFs paled compared to equities. They are almost recovered.
I lucked out on that bet. Whew!
I've read a few articles about classic TE munis and the new darlings, the Build America Bonds, which are munis but not TE.
I double checked with VG to make sure their advertised TE muni bond funds would not be dabbling in these.
All is well.