Navigating Puerto Rico
While most muni investors probably do not need to be worried about what’s going on with Puerto Rico bonds, everyone should be paying attention because the precedents being set now could affect how easy it will be for the next issuer that feels forced to choose which of their promises to honor.
I have published two articles recently on ETF.com about Puerto Rico and muni ETFs. Read Puerto Rico’s Lesson for ETF Investors for insights about political risk and These ETFs Hold Puerto Rico Munis if you are wondering if you should be selling your ETFs.
You can also visit my author page for other articles about munis and ETFs.
This is not a recommendation to buy, sell or hold any of the securities or strategies mentioned. The author does not provide investment, tax, legal or accounting advice. Investors should consult with their own advisor and fully understand their own situation when considering changes to their strategy, tactics or individual investments. Information is based on sources believed to be reliable, but its accuracy is not guaranteed. Additional information is available upon request.