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fox business and their reports,,accurate?
Not a minuit ago tracy somebody reported the danger of municipal bonds,,Lot of risk for almost no return,,Then they show a map of bankrupt CA towns/citys...I have VA bonds..State tax free and paying 4.5 to 5.5 percent....Unless they stop construction on Regan airport and stop University of VA.. construction I don/t know what they are talking about,,,,or am i missing something,,??
1 Answer
- Cecil nLv 79 years agoFavorite Answer
Fox business reports are usually pretty accurate, but a good idea is to check their references and decide for yourself. Municipal bonds in California (several cities declared bankruptcy, several more considering it) and Illinois would seem especially risky. Any state or municipality whose budget is running in the red would be a dangerous investment.
