missash, short answer is may be! Let me elaborate a bit.I believed this part of my Portfolio to be rock solid, except forinterest rate risk (each issue was AAA, insured).Now, I don't know, butthe probability of some defaults, and insurer failing does not appear to be zero, or even close to zero.Normally, I wait for evidence to start unfolding, before I take action.In this case, waiting could be disastrous, because price would go downsignificantly due to interest rate rise, and widening of spreads inthis low-liquidity market, before major deterioration in the first failing issue would start. With a heavy heart, I asked two different companies to bid me onebottom-line price for all the 25 securities (maturing 2010-2025) as apackage, accepted the higher bid. The deal was finalized on phone. Faxedthem securities transfer papers.Now,the more difficult issue for me is to decide on SAFE good investments to put the proceeds (about 50% of our total portfolio)!.I have been reading Dr Gordon, ever since he was mentioned a month or so ago by you, I believe, and learnt about Permanent Portfolio Fund.Other funds he mentions, I have already read about them. I certainlywould be putting some of the money into these funds. Incidentally,he was kind enough to comment on my holding 65% of my Port in MUNIs.He just wrote one word, "incomprehensible"! That helped me to act onmy decision immediately.Any other ideas for temporary abode for the money to be ultimately ,put into SAFE, Long-Term investments, yielding 5+ percent instruments?Thanks to the authors on this Board for my CONTINUED EDUCATION. Youare great. Kind regards,sangalsk
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