Liquidity in Tax Exempt Bonds and Mutual Funds
Investor Sam Shulsky notes municipal bonds are less liquid than corporate bonds and considers mutual funds that invest in tax exempt bonds. The guide suggests evaluating active tax exempt funds from brokers or Investment Company Institute listings and compares liquidity between small issue sewer bonds and large city issues, advising careful assessment before short holding periods.
MENTIONED IN THIS ARTICLE
General Motors Accopatance Corp
Institute
KK Street
Washington D.C
Yok Ok Ten Nune Annexes
Deep discount bonds explained for investors
The column explains how to identify deep discount bonds by price as a percentage of par and notes the importance of bond quality ratings from AAA to CCC. It cautions that low prices may reflect poor credit and advises using reputable brokers or banks to buy, with historical reference to President Johnson aiding farmers a year ago.
MENTIONED IN THIS ARTICLE
Ford
Texaco
Kennecott
Standard and Poor's
Moody's
Fitch
Elegant seven heart contract described by Pat Levitt
Oswald and James Jacoby discuss Mannery convention responses with five hearts four spades and 17 plus high card points. Fort Worth declarer Pat Levitt demonstrates an elegant sequence: ruff clubs with trump ace, return to dummy with spade ace, ruff another club, and sequence to draw opposing trumps while discarding. The late tricks rely on dummy and hand trumps, ending with kings and queen of spades and ace of diamonds.
MENTIONED IN THIS ARTICLE
Oswald
James Jacoby
Pat Levitt
Fort Worth
Dummy
East
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Johnson
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Aaktey
Henry's
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Valentine Wishes Gazette
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