From the Wires
Winans Investments reports: Forget municipal bonds - the best bonds to buy in today's volatile, high tax world are corporate issues!
By: PR Newswire
Dec. 21, 2012 06:20 PM
NOVATO, Calif., Dec. 21, 2012 /PRNewswire/ -- Despite the scary headlines, investments continue to climb an economic wall of worry. However, the biggest financial "head scratcher," is why average investors are still willing to pay such a high price for the troubled waters of municipal bonds in spite of the better tax advantaged yields offered in mid-grade, corporate bonds.
"Even though Stockton and San Bernardino's fiscal problems are still news, investors are chasing low yielding California municipal bonds with maturities as far out as 2033!" says money manager Ken Winans.
These investors are willing to ignore glaring issues in owning municipal bonds today:
What should tax-conscious bond investors do?
Caveat Emptor: Municipal bonds are popular with the investment industry. Not because they necessarily offer better returns to their clients, but because they can make more compensation on these investment products!
SOURCE Winans Investments
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