10 Friday AM Reads
My back in NY morning reads: • Why Are Valuations Falling in a Bull Market?: Ben Carlson runs the year’s tape — mortgages from 6% to 7%, the 10-year from 4% to 5%, inflation from 2.4% to 3.4%, oil from under $60 to over $100. (A Wealth of Common Sense) • Muni Bonds Are Yielding 5%. They… Read More The post 10 Friday AM Reads appeared first on The Big Picture .
My back in NY morning reads: Mortgages have risen from 6% to 7%, the 10-year interest rate has climbed from 4% to 5%, inflation has increased from 2.4% to 3.4%, and oil prices have surged from under $60 to over $100. Muni bonds are currently yielding 5%, which is competitive with long-term Treasuries and the high-quality $4 trillion tax-exempt market.
Investors might find a 5% tax-advantaged yield in munis to be a strong alternative to equities in the coming years. For those who have successfully landed an A-round and a salary, it is wise to allocate a portion of newfound cash flow as a habit of savings in an all-equity 401(k) to hedge against the startup failing to achieve success and finding an exit.
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