Never buy municipal bonds. They pay low yields and are much riskier than bond salesmen say they are. Jefferson County, Alabama filed the biggest municipal bankruptcy in US history yesterday. They won’t remain the biggest bankruptcy in two years time. There are a lot of US counties that will default when the recession returns. Jefferson County is the tip of the $3.7 trillion municipal bond iceberg.
http://news.yahoo.com/alabama-county-seeks-file-biggest-municipal-bankruptcy-001117903.html
Municipal bonds will suffer greatly when interest rates rise.
Buy high dividend stocks at attractive yields when their prices have be beaten down to around eight times average adjusted earnings. Buying low allows you to guard against a loss of principal while enjoying the price gains and dividends along the way.
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