Municipal Bond Forum
Still sleeping fitfully in Florida
Q
I welcomed your article about misconceptions in the muni market. As a muni investor, I’m concerned that the government will find ways to change the game and beleaguered states will default or look at Chapter 9. I still invest in high quality muni bonds and usually include bonds with insurance, if possible (no guarantees there either!). But I don’t sleep well and remain concerned as to the future of these investments and our ability to work out our challenges without making bondholders look like evil people stealing money from “Joe the plumber.”
A
James A. Klotz responds:
We appreciate and agree with your comments.
We must, however, point out something you are very aware of: no investment is without risk, and you continue to be a bond investor because you have less comfort with the alternatives.
Start here.
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