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Author: loveoldcars Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35362  
Subject: Re: Muni-Bond: Mutual Fund vs. Closed-End ETF ? Date: 7/6/2007 2:43 PM
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Hi Dan,

Maybe your're right! I don't care what the premium/discount is per se. I look at the contents/rating of the fund (AAA, AA, etc.) Once purchased, it is of now consequence since they go in the lock-box and just send me checks every mo.

What is the right price to pay?? What is the right price to pay for BAC; or SO?? I don't know, and neither does anybody else. I've owned SO for 35 yrs, my basis is about $10. It's of no consequence as they are not, nor will they be for sale. My kids will thank me!!!

NXZ has not traded at a discount since Oct. '05, when I purchased, that's a long time to wait if one is only interested in buying at a discount to NAV.

But to each his own.

rk
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