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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (8926)	10/15/1999 11:50:00 AM
From: D VanSwol	Read Replies (1) \| Respond to of 18928

I've noticed that, Tom, my broker charges 7-8 % for margin while GSF is paying 12+. That's about 5% on leveraged money. Have you or anyone looked into APX, a tax-free muni fund run by Merrill Lynch which is currently yielding 7.4% tax-free (up to 10-11% taxable equivalent depending on your bracket). APX gets its high yield by investing in non-rated bonds rather than leveraging as many high yield bond funds do. APX might be a reasonable alternative to GSF for non-retirement accounts. --DVS--