re: If you had $1 million what would you do with it?

quote:

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Also to the fella who said his finance teacher would invest in into 8% muni's.. Find another teacher. A) you'do be lucky to find yields of half that for 30 yr maturities.

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It should be quite easy to find muni yields like that. I haven't checked current rates but would be unsurprised if general obligation bonds for the City of Detroit yield much higher than that.

Of course, there's the little matter of wondering if you'll ever see a dime of principal.