4 Tax-Free 10%+ Yields With 38% Upside
Brett Owens, Chief Investment StrategistUpdated: December 7, 2016
The last time this happened, municipal bonds soared 40% over the next 12 months.
These usually-steady payers are coming off their worst month since September 2008, according to Standard & Poor’s, when its “muni” index dropped 4.8% (and popular funds fared even worse):
The Last Muni Bloodbath in Sept 2008…
October 1, 2008 didn’t mark the bottom for munis. But it turned out to be a pretty good time to buy, with these funds returning up to 38.4% in the ensuing 12 months!
… Gave Way to This 12-Month Muni Boom
Those were scary times. The financial world was melting down, and prominent pundits feared that municipalities would be the next wave of defaults.… Read more