Why investors should embrace municipal debt

04/3/2011 | Wall Street Journal, The

Investors can benefit from the recent sell-off in municipal debt by picking up low-risk bonds at a low price, remarks Dick Bellmer, president of Deerfield Financial Advisors. Certain categories of municipal bonds are tax-exempt and virtually risk-free, offering an excellent investment for wealthy clients, he said. He also offers an example portfolio for an older investor that consists of 55% bonds, including tax-exempt municipal debt.

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Wall Street Journal, The

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