Sunday, December 7, 2008

What we thought we know about financial safe haven

There's an interesting article on about municipal bond funds once considered to be a safe haven for people who don't want to take too much risk and yet enjoy tax-free dividends. Municipal bonds once were this safe haven, benefiting people in higher tax brackets(doctors?)
No more, no more... Munis took a whopping hit- 30% decline this year.

Safe heaven... Does one truly exist these days?

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