Municipal Bond Forum
No need for bond manager
Q
Do you offer managed accounts in municipal bonds?
A
James A. Klotz responds:
Our experience has taught us that individuals do not need a “bond manager” to produce a portfolio that provides safety and a steady stream of tax-free income. In fact, we have never seen a managed bond account or bond mutual fund which, after accounting for fees and costs, produced better results than simply owning the municipal bonds themselves.
We do not think you need us, or anyone else, to manage your bonds. Our
approach is simple. We assist our clients in purchasing quality bonds
with excellent tax-equivalent returns. Then we advise them to leave them
alone. An individual continually buying and selling bonds in his
portfolio is doing himself a disservice. There may be situations that
dictate selling a bond, but they should be based on common sense reasons
that are easily understood by the investor.
Start here.
Do you have specific criteria for bonds you’re looking for? Let us know and we’ll e-mail you bonds that fit your needs. There is no charge for this service.
This report is produced solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. This report is based on information obtained from sources believed to be reliable but no independent verification has been made, nor is its accuracy or completeness guaranteed.