Posted on 01/25/2016 10:26:30 AM PST by Citizen Zed
Gross also recommended investors should consider Build America Bonds, which are taxable municipal bonds that carry special tax credits and federal subsidies for either the bond issuer or the bondholder.
"There are a lot of closed-end funds that are selling 10-15 percent discounts to net asset values. That means you are buying something at 80-95 cents on the dollar," Gross said. "Some of these closed-end funds deal in, yes, relatively high-quality municipal bonds."
Last year, the Janus Global Unconstrained Bond Fund outperformed a comparable fund at Gross's former employer, Pimco.
(Excerpt) Read more at reuters.com ...
Buy passage on the Titanic! What could go wrong?
Buy all you want. Don’t worry, we’ll make more... trillions of dollars more.
Dunno what the current NAV is as I’ve held them for decades but NQM (Nuveen closed-end Muni fund) is, IMO obviously, worth looking into.
The most wise Mao, hero of the ObaMao administration, murdered all the intellectuals. They couldn't feed themselves, much less create technologies and medicines for the masses.
My 401k was high in stocks and equities and has literally made NOTHING for the past two years so when the market started its downward slide, I switched over to bonds.
buying tax liens is the best way to go for a safe 5 percent.
or if you’re really lucky, getting a house for pennies on the dollar.
Boy, I don’t know how it’s possible you made no money in the stock market in the past two years. Not sure bonds are the way to go either based upon risk. All I can say is I parked 90% of my portfolio in cash until some direction or stability comes into focus.
Not sure if this is the “big one” or just a gyration. All signs seem to point to at least a major correction from the QE sustained highs we’ve seen. So many indicators are really showing distress, Baltic Dry, all commodities, etc.
I’m somewhat close to retirement age so I don’t want to lose 30% as I cannot wait 17 years to get back to even.
The stock market went u and the stock market went down. In alll it was a wash. I didn’t make money and I didn’t lose any. I’m in the same boat as you. I’m about 11 years from retirement and can’t take another 50% hit like in 2008 and wait for a recovery.
P.S. The stock market takes a hit about every 7 or 8 years so I figure it’s due for another bear market.
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