Every year the tax bite cuts a httie deeper, and every year more serious savers and investors turn to the tax- free advantages of municipal bonds. If you re seeking a sound tax ex- empt investment;you ll want Robert Lamb s primer, How to Invest in Municipal Bonds. It s the first book to make this investment medium clear and understandable. Lamb begins by explaining how tax exempt securities can increase your return, then details the variety of municipal bonds available, tells where to purchase tax-exempts and outlines strategies and risks. He makes sense out ~ :atings, yield spreads, swaps and c~edit analysis. And he provides a ~mary check- list to review before you invest. If you re looking: for a tax relief without complicated accounting and high. risk, you should begin with this investor s guide to the advan- tages of tax-free municipals.
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