I’m currently with (a large stock brokerage firm) where I hold over $300,000 in California municipal bonds. Income comes to $12,000 – $13,000 a year. It is one of the better plays in my portfolio. I asked my advisor there if perhaps I should increase my munis, but he was adamant that rising rates will work against them. Looking at other fixed-income choices certainly has not excited me. If I invest another $250,000 in diversified munis with a duration of about seven years, what would be your choices through FMSbonds?
H.C., California