Max: > Are you high? > > If you bought a muni index in Dec 2010 you'd be up three percent now. Not > too rich, but in stark contrast to her clownish prophecies.
On another note, managing Munis is one of the most boring things you can imagine Max, as I know from my experience with a few institutional money managers. Being assigned to the Muni department is one of the worst punishments at such places. You just buy the Munis and sit on them. That is how it works. It is like the difference between a glacier and a turbulent river. What is not known is that a glacier is a turbulent river as well, except that glaciers flow on a longer time scale. Also, they have been marketing the Munis as safe things to the well-to-do for quite some time (for the last three years or so), so much money has been diverted to the Munis in the past few years. It is just a matter of time. Best, Sabri _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
