Product Overview
IF YOU KNEW WHAT I KNOW...
Would you buy a municipal bond for the subways in New York City thats rated AA-, or only A?
Would you care what a bond is for as long, as its a general obligation backed by the issuers full faith, credit, and taxing power?
Would you pay 109 for a bond, a premium of $90 for every $1,000 face value, knowing youre going to get back only $1,000 at the end??Would it be crazy to buy a 30-year bond at age 80?
Would you read these bonds are not a debt of the state as a fair warning, Buyer Beware??Tax free municipal bonds. Would you buy them at all?
STRAIGHT TALK FROM THE MAN WHO PUT MUNIS ON THE MAP FOR THE INDIVIDUAL INVESTOR.
Would telling you the whole story about investing in municipal bonds, and making sure you know the risks involved, kill the sale? Ill take my chances, says Jim (Municipal Bonds Are My Babies) Lebenthal.
For 45 years, Jim Lebenthal wrote and starred in the Lebenthal familys municipal bond business commercials - information nuggets that educated the public and turned munis into a household word, wherever his face and voice were seen and heard.
Outraged by what Wall Street had done to the financial markets with reckless abandon, and Bernie Madoff with malice aforethought, Jim gives equal time in Lebenthal On MunisDeciding, Yes or No! to the Whys and Why Nots for investing in his babies.
Balancing the heady appeal of tax exemption with the payment record of municipal bonds in the Depression and the volatility of resale prices during the inflation tortured '70s and '80s, isnt optional for a broker, says Lebenthal. Full Disclosure is the law.
In Lebenthal on Munis, Jim carries out that law, even if Full Disclosure means turning Jim and his babies, thumbs down.
DECIDING, YES OR NO!
