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Author: aleax Big gold star, 5000 posts Top Favorite Fools Global Fool Pro Community Winner Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35400  
Subject: Barron's: munis good in 2014 Date: 1/11/2014 1:04 PM
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Search for "where to find yield". For 2013, their three top income ideas were high dividend stocks, utilities, and MLPs, and they pretty much nailed it. For 2014, their three top income ideas are high dividend stocks, munis, and REITs -- the latter two because they're beaten down (they love way-below-NAV muni CEFs in particular, such as NEA).

As I'm in California, I accumulated (around a month ago, at a cost basis well below 12) a substantial position in the CA-specific version of NEA, i.e, NKX -- it's rallied 5.74% to 12.52 since (pretty much tracking NEA), but it's still a good buy, I think, with 6.7% tax-free yield (free from CA's high state tax too;-).

Gov. Brown's budget starts paying down CA's debt, and accumulating a rainy-day fund, which must be good developments for CA muni bonds...!-)
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