Bonds
Remember Meredith Whitney? Right about now, she’s probably hoping you forgot. Whitney is the analyst who said, “There’s not a doubt in my mind that you will see a spate of municipal bond defaults…” She went on to say that there could be 50 to 100 sizable defaults or more and that those defaults would [...]
Continue reading about Meredith Whitney Muni Bond Defaults Fails to Materialize
Pimco Total Return is the biggest bond mutual fund in the world. It has a long-term track record that any bond fund would be jealous of. As a result, its fund manager, Bill Gross, has become something of an oracle of investing in bonds. Recently, the mutual fund reported its holdings. Like all mutual fund [...]
Continue reading about PIMCO Total Return Bond Fund Cuts U.S. Government Holdings
US Saving Bonds Bonds issued by the US Government are low-risk investments issued in order to finance the national debt. There are numerous types of Government bonds. Each bond has specific features that determine how much interest is paid to the bond holder, how long the bond’s term is, and how the bond is purchased. [...]
Continue reading about US Savings Bonds Series E Savings Bonds
People are always asking me how safe municipal bonds are. The answer is: They’re Safe. Note that we are talking about BONDS here, NOT Notes, which are a whole different deal. Unless you are an expert or near-expert bond trader, you should stay away from any and all notes of any kind except those from [...]
The U.S. Supreme Court in a 7-2 decision upheld the central tenant of most state’s municipal bond tax policy, specifically that a state can exempt it’s own muni bonds from taxes while taxing the interest on other state’s muni bonds. So, nothing changes from before. If you live in California, the only way to avoid [...]
