How Safe Are Your Muni Bonds? Not Very, Warns Warren Buffett
Filed under: Economy, Investing, Investment
Does the prospect of earning 0.1% on a bank savings account leave you … unenthused? Do the 0.2% interest rates that the U.S. government is paying on two-year Treasuries stick in your craw? Maybe you’re thinking it’s smarter to buy a nice, safe 10-year municipal bond, paying 1.8%, and tax-free to boot?
Think again.
A couple of years ago, when testifying in Washington, D.C., about the state of the U.S. economy, billionaire super-investor Warren Buffett warned Congress of a looming “terrible…
How Safe Are Your Muni Bonds? Not Very, Warns Warren Buffett originally appeared on DailyFinance.com on 2012-07-19T16:45:00Z.
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