UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
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
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
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...!-)
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement