stock: 8.65%
mutual fund: -6.32%
Does it make sense to buy California municipal bond?
Rational: The federal and state government is going to raise tax/fee... to
keep the state government from bankruptcy, which also keep the state
municipal bond from defaulting. Since I basically pay tax to keep the state
government afloat, at least I could get some of what I paid back by buying
the state bond.
Although if the situation is really dire, the government can rob me twice by
taxing me more and then de