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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (97339)8/23/2002 4:52:48 PM
From: Tommaso  Read Replies (1) | Respond to of 132070
 
Actually NPX is a good bet for anyone who is REALLY cautious; maybe that explains the lack of discount. But the bonds are insured, and the income is a tax-free 5.75% or so. That's the kind of fund for a family fortune of about ten million dollars or more. You live parsimoniously on 1% of the income ($100,000 free of federal taxes)and constantly reinvest the remainder.

Trouble is, no one gave me the ten million.