Tuesday, November 16, 2010

Muni Update

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?

1 comment:

  1. Reminds me of the " Buy Bear Stearn's " Call Dave....as noted..Oh the bag holders.