The tax reform debate in Washington is roiling the municipal bond market—and that’s setting up a screaming buying opportunity for contrarians on the hunt for income.
I’ll tell you why, and show you exactly how to cash in, in a moment.
First, if you’ve been watching “munis” for any length of time, I probably don’t have to tell you that muni-bond investors detest uncertainty.
That’s because they’re risk-averse folks who just want a high, tax-free yield on their money.
After all, that’s what municipal bonds are for; they offer higher yields than US Treasuries; they’re untaxed for most Americans, unlike federal bonds and stock dividends; and their prices don’t fluctuate much.…