Greater Rewards and Greater Risks
A number of categories of municipal securities often involve greater risks than do traditional municipal securities. Some of those categories are identified in this chapter. When considering securities in those categories, you may wish to consider also whether greater rewards are in order.
As advised by Tim Schaefer of Magis Advisors, “If the yield seems too good to be true, then you are dealing with greater risk!”
On the other hand, risk is not inherently something to be avoided. Indeed, no matter what decisions you make, you cannot avoid risk. Like life, all investments involve risks and trade-offs for low ...
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