Tax-Free Municipal Bonds – A Great Long-Term Safe Play

Summary

  • In a volatile market, safe money is best to bet on infrastructure.
  • Local investing has added benefits of stimulating the local economy.
  • Think global, act local, by buying tax-free munis.

Often in investing we lose track of what’s important. We need money, we need returns, we need to manage our portfolio – but at what cost? Corporate America has been found guilty of fraud, harm to the environment, and a host of other issues. While local governments aren’t angels, they have at least a simplified, limited area where they operate. State, County, and City governments provide services such as water, fire protection, police protection, and education services.

At Fortress Capital, we look at investing as a whole, depending on the goals and objectives. Many investors are looking for a safe return of their money, not a return on their money. But being safe doesn’t pay much in today’s market. The average bank CD pays about 1%, if you’re lucky.

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