Comments on: Weekly Recap & Outlook – 07.16.10 http://blog.towerbank.net/weekly-recap/weekly-recap-outlook-07-16-10/ Obvious Insights with Graig Stettner of Tower Private Advisors. Sat, 18 May 2013 11:54:41 +0000 hourly 1 http://wordpress.org/?v=3.5 By: Graig Stettner http://blog.towerbank.net/weekly-recap/weekly-recap-outlook-07-16-10/comment-page-1/#comment-1667 Graig Stettner Mon, 19 Jul 2010 12:50:56 +0000 http://blog.towerbank.net/?p=2064#comment-1667 Although the problems with munis should be pretty isolated–rather than across the entire asset class–now would probably be a pretty good time to get comfortable with what those funds hold. I assume they’re closed-end funds since you mention leverage. Consquently, you can find their holdings on the internet at, among other places, http://www.cefconnect.com. When you jump to a fund there’s a “Portfolio Characteristics” tab where you can see top holdings and characteristics of the fund. Pay especial attention to the Credit Quality graph. If you want to see more you can jump to the SEC Filings and look at the detailed holdings. One fund I looked at had 26.3% in New York and 15.9% in California bonds, so you might be able to spot some potential trouble spots and shift to safer funds.

]]> By: Larry Dent http://blog.towerbank.net/weekly-recap/weekly-recap-outlook-07-16-10/comment-page-1/#comment-1653 Larry Dent Sat, 17 Jul 2010 11:21:47 +0000 http://blog.towerbank.net/?p=2064#comment-1653 I am holding muni funds. They are scattered among Nuven, Blackrock, Pimco and several others. All are leveraged around 40% or so.

Any comments on the likely hood of muni’s starting to default?

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