California Munis

[oxfordrick]

Current trading sentiment is that President Obama is not going to start his Presidency with a default of the largest State.

Note that at 5.25% long Cal General Obligation bonds yield 180% of comparable treasuries. That’s
pretty irrational too!

[Raybyrnes]

What is the downside of owning a MUNI bond fund as opposed to the individual bonds?

[Raybyrnes]

What is the downside of owning a MUNI bond fund as opposed to the individual bonds?

[Raybyrnes]

What is the downside of owning a MUNI bond fund as opposed to the individual bonds?

[Raybyrnes]

What is the downside of owning a MUNI bond fund as opposed to the individual bonds?

[Raybyrnes]

What is the downside of owning a MUNI bond fund as opposed to the individual bonds?

[oxfordrick]

With individual bonds you have the opportunity to do your due diligence on a specific issue, mostly I hold State of California General Obligation Bonds.

With funds you are relying on the expertise of paid managers who may have incentives and motivations different from yours.

[oxfordrick]

With individual bonds you have the opportunity to do your due diligence on a specific issue, mostly I hold State of California General Obligation Bonds.

With funds you are relying on the expertise of paid managers who may have incentives and motivations different from yours.

[oxfordrick]

With individual bonds you have the opportunity to do your due diligence on a specific issue, mostly I hold State of California General Obligation Bonds.

With funds you are relying on the expertise of paid managers who may have incentives and motivations different from yours.

[oxfordrick]

With individual bonds you have the opportunity to do your due diligence on a specific issue, mostly I hold State of California General Obligation Bonds.

With funds you are relying on the expertise of paid managers who may have incentives and motivations different from yours.

[oxfordrick]

With individual bonds you have the opportunity to do your due diligence on a specific issue, mostly I hold State of California General Obligation Bonds.

With funds you are relying on the expertise of paid managers who may have incentives and motivations different from yours.

[Author]

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