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If all of this sounds like too much work for a 4% or 5% yield, you can buy a muni mutual fund.
In the Satya yuga a white avatara appeared to Kardama muni to establish meditation as the process for self-realization.
A closed-end muni fund invests in a portfolio of municipal bonds - long-term IOUs issued by states, cities and other government entities, such as airports.
Fortunately, there are muni funds that hold few or no AMT bonds.
In this regard, it does not take a deranged imagination to see a potential train wreck developing in muni finance; faltering finances, mushrooming underfunded pension liabilities, and huge borrowing needs for as far as the eye can see.
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