Debt Ceiling Prepping – It’s Time to Consider Doing These 2 Things

Debt-Ceiling1

My base case for the debt ceiling drama is still that a debt default will be avoided. This includes defaulting on either interest payments or principal payments (the bigger risk is principal payments). With that said, however, the inability of those … [Read more...]

How Will the Affordable Care Act Impact Municipal Bonds?

Dollar

The Affordable Care Act (ACA), also known as Obamacare, is unlikely to have much impact on the municipal bond market, and the ultimate impact may take years to discern. There are two primary ways the ACA may affect municipal bonds: 1) via direct … [Read more...]

What’s So Scary About Long-Term Bonds?

long-term-bonds

The way long-term bonds are frequently discussed by the media, some investors might think they are a type of financial-markets disease, to be avoided at all costs. I’ve never quite understood this. While I don’t think a 100% allocation to long-term … [Read more...]