Quote:
Originally Posted by villagerjack
"Do you realize that as we speak right now, you yourself could be one of those bondholders that you claim should be “his loss”?"
I really do not see that happening.
"Seriously. Have you ever invested in a mutual fund, be it a stock fund or a bond fund. Did you ever scrutinize the purchases and sales that the fund made while you held stock in that fund or did you just keep an eye on the total return on your investment?"
I invest plenty. Whats your point?
"Anyone that invested in a Municipal Bond Fund (usually a tax free one but not always) over the past 10 years or so is a potential current or previous bondholder of VCCDD Tax Free Bonds."
Your point?
"Am I making sense or are you still unsure of what I’m trying to tell you?
You mean.....When did i stop beating my wife.?
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Why the acerbic response?
You posted the following: “If the bondholder chose to proceed anyway, it should be his loss and not anyone else’s provided all risks were adequately disclosed”
I was simply pointing out that if you or any other member of TOTV had at any time over the past ten years invested in a tax free muni bond fund, that you could be one of those bondholders that invested in the VCCDD bonds being challenged by the IRS. In a bond fund, you don’t choose the bonds, the fund’s analysts do and the average fund investor never bothers to scrutinize those trades.