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Lebenthal On Munis: Straight Talk About Tax-Free Municipal Bonds for the Troubled Investor Deciding "Yes...or No!"
Paperback
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IF YOU KNEW WHAT I KNOW...
Would you buy a municipal bond for the subways in New York City that’s rated AA-, or only A?
Would you care what a bond is for as long, as it’s a general obligation backed by the issuer’s full faith, credit, and taxing power?
Would you pay 109 for a bond, a premium of $90 for every $1,000 face value, knowing you’re going to get back only $1,000 at the end?? Would it be crazy to buy a 30-year bond at age 80?
Would you read “these bonds are not a debt of the state” ...
Would you buy a municipal bond for the subways in New York City that’s rated AA-, or only A?
Would you care what a bond is for as long, as it’s a general obligation backed by the issuer’s full faith, credit, and taxing power?
Would you pay 109 for a bond, a premium of $90 for every $1,000 face value, knowing you’re going to get back only $1,000 at the end?? Would it be crazy to buy a 30-year bond at age 80?
Would you read “these bonds are not a debt of the state” ...
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