haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Relying on municipal interest has been good move for some years. But in my book, the credit risk added to the rate risk is too large to make this a comfortable retired person portfolio.
I've given up on making interest rate predictions, but duration is risk, period- and if you don't have duration with munis you won't have income. I guess if someone has $10,000,000 in intermediate term municipals she could have both reasonable duration and reasonable income. But if you had that much money, wouldn't you want more income?
Ha
I've given up on making interest rate predictions, but duration is risk, period- and if you don't have duration with munis you won't have income. I guess if someone has $10,000,000 in intermediate term municipals she could have both reasonable duration and reasonable income. But if you had that much money, wouldn't you want more income?
Ha
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