Bonds

Muni valuation update – still a great value

Its been almost 4 months (June 26 to be precise) since I last posted on municipal bond valuations. I thought this would be a good time to do a quick update on muni valuations. In short, there is still compelling value in municipal bonds for long term investors willing to ride out the fear being priced in to this market.…

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Bonds

Munis in the bargain bin, again

The recent “taper-tantrum” over the Fed’s potential coming removal of quantitative easing has caused quite some unrest in the bond market. This has caused interest rates, in particular longer term rates (10yrs +) to move substantially higher across the board. Long term munis were no exception and the sell off has left some compelling value in long term munis for…

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Portfolio

September 2012 portfolio review

I’ve been thinking about writing an income investing newsletter at some point….but haven’t quite committed to that concept yet. Baby steps, baby steps….so, with that in mind I thought I’d start out with a monthly commentary on the positions I hold or have held throughout the month. Feel free to comments and let me know what you think. For my…

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Bonds

A contrarian view on interest rates

How many times a week do you read that interest rates have no where to go but up? That bonds are terrible investments and will be crushed by rising rates? And when was the first time you started to hear these stories? If you read pretty much any source of investment news then you’ve been hearing these stories for almost…

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Bonds

The new muni bond scare

Here we go again. Just as we hit the one year anniversary of Meredith Whitney’s famous, or more accurately infamous, muni bond call a new muni bond scare has surfaced. This time its the potential change to municipal bond’s tax status. Lets take a look at this latest fear and see if it is justified. First, I can’t let this…

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Bonds

Muni bonds back in the spotlight – still a buy

Just when you thought it was safe to back in the water…here comes the shark again…in this case muni bond ultra bear Meridith Whitney. Whitney is back in the spotlight again renewing her call for massive defaults in municipal bonds. Absolute Returns (AR) did a great screencast the other day summarizing Whitney’s renewed call and the reaction to it.  It’s…

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Dividends , Portfolio , Retirement

Time to buy munis?

I’ve been looking at municipal bonds recently. Whenever I see a large sell off in any asset class accompanied with a lot of media hype the contrarian hairs in the back of my neck tend to perk up. All markets tend to over react more often than not. These over reactions can give patient long term investors great opportunities. So,…

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