Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (4128)	11/17/2001 1:45:56 PM
From: Joan Osland Graffius	Read Replies (1) of 36161

iso, >>Closed end muni bond funds are another good idea if your tax bracket makes 6 to 6 1/4% free of federal taxes attractive. In Minnesota we pay 10% taxes so some of these muni's certainly look attractive. The problem I have with these muni bonds is our state, county and city governments have been on a huge spending spree during the 90's. They have been floating bonds like there is no tomorrow. At the moment I am not going to take the risk with these debt instruments. One may call me paranoid, but I feel more comfortable with debt instruments from entities that are absolutely required for human survival. <ggg> Does anyone on this thread have any knowledge of history as to what happened during the 1930's with debt instruments that were dependent on taxes? Joan

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