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To: RexBeach
LOL @CNBC

I just bought 20 CA AA+/ad valorem backed G.O. bonds 4.5% CPN due 8/1/2037 for $72/bond. The OI was 101.00. They have a par call in 6 months, and the YTCis 17%!!!!! My tax bracket makes these 13%+ TAX FREE!

6 posted on 02/25/2011 11:43:44 AM PST by DCBryan1 (FORGET the lawyers...first kill the "journalists". (Die Ritter der Kokosnuss))
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To: DCBryan1

I think CA is a great place to look for munis. But watch those carefully...not because they’re CA GOs, but the length of the bonds.

Otherwise, good work!


12 posted on 02/25/2011 11:55:30 AM PST by RexBeach (There is no such thing as a good tax.- Winston Churchill)
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