Tuesday, November 16, 2010
A reader linked a chart to the general Nuveen Muni Tax-Free Closed End Fund, which has dropped something like 10% in the last two days:
(click on chart to enlarge)
I want to bring this to your attention because, contrary to the comment in the NY Times by that dope from McDonnell Investment Management, this fund is a well diversified portfolio with an investment grade weighting (64% AA or higher) and geographically diversified. Yet, this thing is getting killed. Here's the link to that fund if you want to see the details: NPX.
The point is, get out of your munis while your portfolio is still alive and move that money into real money - gold and silver. Avete oro?
Posted by Dave in Denver at 10:37 AM