Mike Burns returned and he’s buying high quality munis on a very selective basis. Be sure to spread out your purchases over time. Interest rates will probably be heading upward for a period of years. Therefore, be sure to buy over a period of time and catch the wave up. That way you won’t face devastating principal losses. Mike likes Texas, North Dakota and many university and revenue bond situations. He also likes the triple tax free features that these bonds have. But be careful and don’t be lured in by bond insurance. It can be icing on the cake, but never allow it to be your reason for buying a particular issue.
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