Post by ToddCT on Mar 14, 2005 14:00:32 GMT -5
I have a few suggestions on funds if you are looking for income from your assets.
Look at NPM, it is a closed end fund that invests in Municipal tax-free bonds. It pays close to 6.8% per annum right now which is almost a 10% yield when compared to taxable securities.
Also they invest only in high grade bonds, its not a junk bond fund
They do this through leverage and they are trading at a discount to NAV which is great for a bond fund.
If you want tax-free income buy the fund and it pays you interest every month.
This is a Nuveen fund, they have a few others that do the same thing with small changes in the investment mix.
This is just for anyone who want to know.
Todd