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NPT Nuveen Premium Income Municipal Fund 6.5%

July 13, 2014

********Go to “Core Portfolio” for current holdings.**********

I have never been interested in municipal bonds.  And with the disaster in Detroit going bankrupt I was even less interested.

Except for owning an individual municipal bond from the city I live in (the bond has done well) I do not own this sector.

One of the advisors I follow recently suggested buying municipals.  I do not buy mutual funds in general-due to the high costs- so that was not an option.  I looked at individual issues but they are paying virtually nothing, maybe 2-3%.

I also started reading articles on some leveraged municipal closed end funds and they started to look appealing.  NPT is paying over 6%.

I am not suggesting you buy NPT right now but we are looking at it.  The momentum is Down but we may get a buying opportunity.

Floating rate bond funds that are listed in the Core Portfolio look appealing.

Recommended Book:  Blood Feud The Clintons vs The Obamas Edward Klein.  The New York Times today called this a mudfest.  Well I guess if slinging S _T at Obama and Clinton is a mudfest, this book IS IT.  Once you start reading this gossipy tome you will not be able to stop.  What Fun.  I just love this book.  You will read stuff that the lamestream press like NBC would never print in a million years.  Blood Feud just hit Number ONE on the New York Times Book List.


The Outstanding Public Debt as of 10 Jul 2014 at 01:33:56 PM GMT is:

$ 1 7 , 6 0 0 , 3 3 2 , 0 0 9 , 1 9 4 . 8 4

The estimated population of the United States is 318,585,889
so each citizen’s share of this debt is $55,245.17.




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