be careful

I assume you bot mutual fund or etf or cef.

The worst senario comes with Closed ended fund. Most of them uses leverage to increase it is yield. But the price risk is also very high.

Given that most of states are in financial difficulty, this is not good time to buy municiples. 

所有跟帖： 

• I bought individual bond not bond mutual fund. -AP24- ♀ (137 bytes) () 06/21/2011 postreply 11:46:24

• individual bonds have liquidity issue -tiantianniu- ♀ (140 bytes) () 06/21/2011 postreply 12:08:22