[villages07]

A week or so ago, there was a full page ad in the Sun from a Bond Seller outfit offering Villages CDD #6 bonds...5.7% tax free yield to maturity; price 93.628; coupon 5.25, unrated, 30 yrs, callable in May 2017. Appears that the minimum investment is $15K.

Here's the link: https://trading.fast-trade.com/fmsbo...fferingId=7773

Question....I've never invested in muni/tax-free bonds; for those of you who have gone down this road....does this sound like a wise investment? They may be unrated, but, we have a pretty good idea how "safe" and stable the underlying obligation (i.e. the Villages) is.

Are these bond resellers making a bunch of money? i.e. did they pay $100 for a bond then now trying to sell it for $110 6 months later.

OK, you financial gurus...let's hear your opinions!!!

Thanks,

V07