Re: Tax Free Municiple Bonds
Can be decent if you dont go too far into the crappy credit rating stuff, although not too many major funds have vomited up much. You do need to be in a fairly high tax bracket to really benefit. A lot of folks try to keep their tax profile low in the first place, which makes muni's less attractive.
I held some california munis for a while. My current tax situation doesnt make sense for them. I can do almost as well from a cd.
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.