Nuveen Tax Free Bond funds
I own $200K of Nuveen All American Fund FAARX and question whether I should be concerned about the % of B rated bonds within the fund?
Is there another Nuveen Fund I should consider switching into?
Thank you,
Terry Says
You have already lost about 10% on this investment. That’s a steep price to pay for a 3% tax-free yield!
And I think the costs of this pandemic are going to hit cities and states hard. I don’t own any municipal bonds, and haven’t for a long time. I expect their prices to go lower as the impact becomes more obvious.
