Muriel Siebert likes municipal bonds.
The president of Muriel Siebert & Co. urges investors to consider putting money into tax-exempt munis.
Especially with taxes headed higher, tax-exempt municipals are “a relatively safe choice if you do your homework,”she said in a statement Friday.
Although cities and states are having “major problems,” Siebert thinks the federal government would intervene before defaults starting mounting.
“I don’t think the federal government will allow states and cities to go broke,” she said.
Siebert used to be New York’s superintendent of banks, and was a Republican senatorial hopeful.
She recommends choosing a municipal bond by comparing its yield, and then its sources of funding.
In 1967, Siebert became the first woman to have a seat on the New York Stock Exchange.
She founded the nation’s first discount brokerage firm in 1975.