Is this old news? Haven't been following all this.
http://biz.yahoo.com/ap/051115/gm_ba...ears.html?.v=7
I always think about our threads about JG's GMAC bonds and why they were paying such a nice premium a year ago. Not sure if GMAC would be tarred with the same brush, but it always makes ya think.
My takeaway lesson, that I understand many will disagree with: no individual company is ever safe enough for a buy-and-hold ER investor -- give me a low-cost tax-efficient fund any day.
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ER for 8 years; living off 4.3% of savings (and a few book royalties ;-)
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