|Bid||102.13 x 200|
|Ask||0.00 x 0|
|Day's Range||110.05 - 110.26|
|52 Week Range||107.62 - 111.66|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.25%|
With the start of the New Year finally upon us, it can mean only one thing — it’s tax season. And while the new Republican tax bill does hold plenty of promise, the reality is, most tax analysts have no idea what the long-term effects on the average Joe will be. Ultimately, it means investors still need to be as tax efficient as it comes with their portfolios.
I’ve been getting a lot of emails from readers worried about how closed-end funds (CEFs)—especially bond-oriented closed-end funds—will perform next year, when the Federal Reserve raises interest rates.
The tax reform debate in Washington is roiling the municipal bond market—and that’s setting up a screaming buying opportunity for contrarians on the hunt for income.
It may not be Bitcoin, but the municipal bond market is having a pretty wild week. It emulates the agency created to work out New York City’s fiscal crisis in the 1970s, the Municipal Assistance Corp., which worked out well in the end.
Let’s walk through some of the most popular fixed-income plays today – and replace each with something that yields more (with superior price upside to boot).
In 2016, Puerto Rico defaulted on constitutionally guaranteed GO (general obligation) bonds. On May 3, 2017, Puerto Rico filed for Title III bankruptcy.
The performance of municipal bonds has fallen since the 2016 election, as President Trump’s tax reform and infrastructure spending plans have caused some concern among investors.
There’s a terrific buying opportunity taking shape in the municipal-bond market. Almost no one sees it coming, and you can thank a familiar friend for it.
One possible driver to action could simply be alerting the public through their local media outlets just what havoc can be, and has been, wrought by cyberattacks.
We are all potentially at risk of cyberattack – directly or indirectly. When it comes to municipalities, this may not always be obvious to the average state or city taxpayer.
Wall Street says you have to settle for the pathetic 2% yields most folks scrape by on from 10-year Treasuries, or your typical S&P 500 stock. Don’t believe them.