I think munis are extremely undervalued....Out-yielding treasuries and are tax-free. But I do know treasuries are overvalued. However, this is even trading at a 13% discount to NAV and yeilding 9%. Think the risk reward is much better then S&P 500 so I will keep my green thumb on this.
Recs
I think munis are extremely undervalued....Out-yielding treasuries and are tax-free. But I do know treasuries are overvalued. However, this is even trading at a 13% discount to NAV and yeilding 9%. Think the risk reward is much better then S&P 500 so I will keep my green thumb on this.