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Bonds Have More Fun

Think munis aren't all that exciting? This one may change your mind.

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This story appears in the August 1999 issue of Entrepreneur. Subscribe »

Now that you've made your fortune in the stock market, it's time to make those profits work for you in a tax-free kind of way. It's time to think municipal .

Municipal bonds haven't gotten the ink they've deserved lately. Two big reasons: They're not hot, and they're not sexy--they're merely bonds. Boring, pay-twice-a-year, tax-free debt instruments that used to be just for the old and the rich. But now, due to a variety of economic factors--like supply and demand, and yields--tax-free "munis" aren't just for fuddy-duddies any more.

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