Also in this playlist...
This transcript is automatically generated
Part of Whitney called for a sizable defaults in the Muni bond market two and a half years ago.
And recently reiterated this dire warning despite the fact that it hasn't come true.
One analyst says he's helped readers of his newsletter make tons of money going against -- advice joining us is doctor David I -- Investment -- with the stands very & Associates research and editor of retirement.
Millionaire thanks for being with us doctor -- -- now not only was -- wrong and her call.
But her call actually knocking down the prices of Muni bonds so that your clients could actually make even more money than they otherwise would have is that right.
Yes that's true.
You know she was wrong then and I think she's wrong today.
-- she created fear in the market back then I think at the time in late 2010 when she made the call.
Were trading as if they were less risky than California bonds I thought that was absurd.
And at that time I recommended to my readers.
That they get into municipal bonds and that cohort had they are up close to 3637%.
Over two years little over two years.
Yeah I've talked to other fund managers and and wealth -- about this saying.
-- Whitney phenomenon but then I was kind of surprised when she came out and reiterated the claim this month and a pretty prominent -- that is -- in the month of April.
Is it just hard for these advisors in these big prognosticators think -- just take a hit and say look I blew that -- I'm wrong they just double up you stick with it.
I -- that may be yet.
Also you know fear sells a little bit I don't understand it because California -- -- have a budget surplus.
Other places I travel around the world -- trouble around the US a lot.
Start to see kind of the slowing grinding economy that means more tax revenues for states.
That means they can pay the bonds off so I -- You know I don't understand the call again yet tobacco bonds or another on whether almost guaranteed revenue than ever get a fault he had as soon as someone starts -- little fear it just kind of spread yet a couple of -- did you talk about bought -- you mentioned three new Allard you've been fun and invesco -- talk about those.
-- so the free -- I've been -- and I you know I might add.
We initially got readers into this back in 2008 we had the collapse in the stock market and it was not the end of the world was coming people who bought them.
That municipal bond fund is up about 88%.
But you at least three farmers are they invest in a basket of municipal bonds and so your risk is diversified so if you happen to get a default in one or two bombs in the portfolio.
You're not at risk you know as a breath of buying individual bonds so that's three different bond funds that I have readers -- -- the latest one just last month now given America when he was so wrong on her -- that she no longer have the power to drive down those Muni bond prices and make him a good investment for your clients.
Well I think she has less power now that I'm and they keep keep up who.
I just yeah I don't think he has that much power anymore by and one last thing that come at a rapid.
Explain the lumberjack beard this is based on a valve that -- made to your readers that you will sell only when you have a lost position that closes out how long -- street yelling.
I've got a 118 winners over two years when I -- a hundred we started doing this it's a trading service but yeah I'm gonna grow like a hockey playoff beard.
Until we lose one so.
Laughs it's trying to get -- I think the people who know you -- -- -- Fred -- down turning your results thanks for being with us today doctor I --
Filter by section