December 9, 2014
To View Current Positions Go To Core Portfolio
We purchased the BlackRock National Closed End Municipal Bond Fund MYI.on December 1. It is doing rather well, so far.
This fund goes ex-dividend on December 10 and we should see a price pullback. Wait for a few days to see what happens.
If you do not own MYI I suggest you buy a little. If you do own it, I would add to the position. (A price pullback is not a certainty…..if the demand is strong and the price stays up, I suggest you still buy it.)
Another selection you can look at is AFB: AllianceBernstein National Municipal Income Fund
AllianceBernstein National Municipal Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. The fund invests in the fixed income markets of the United States.
AFB went ex-dividend on December 3, pulled back, and is already heading up. You could buy today.