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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?


To: stock bull who wrote (4368)4/6/2010 12:59:36 PM
From: deeno  Read Replies (2) | Respond to of 34328
 
OT

think this is really outside the scope of this tread but,

"I would like a tax free that pays 4 to 5%"

Assuming you have enough to diversfy, 10 years of less Munis can pay in that range. Probably gonna have to be CA. I prefer GO's and essential purpose. Some of the BAB (taxable) might get that 6+. Take your time, wont be easy. Depending on portfolio size Id ladder them 3-10 yrs. With this strategy you could still lose "NAV", but you KNOW when they come due and that (short of default) you get face amount back. Im not much for funds for this type stuff.

Other than that perhaps a fund of senior collaterized debt. resets 30,60,90 days, basically junk, but this would benefit from improving economy, per your orginal supposition. Both open end and closed ends are around.

I wish you luck. IMHO preparing and investing for higher rates IS the direction of the herd.