Bankruptcy Should Be A Last Resort For Struggling Hartford, Conn. Last Tuesday, the Mayor of Hartford, Conn., Luke Bronin, announced that he has had initial conversations with attorneys who specialize in Chapter 9, municipal bankruptcy. The move was a surprise to the municipal bond market as well as other members of the Hartford city board […]
Puerto Rico in Hot Water This past weekend I returned from a business trip in Puerto Rico. I landed back home in Florida just two days before the court ordered stay on litigation between the Puerto Rico and their many creditors expires. Puerto Rico must now either open themselves up to numerous lawsuits, or seek […]
Great Minds Think Alike Joe Mysak of Bloomberg news yesterday echoed the opinion of Las Olas Wealth Management regarding the recent Billions storyline detailing a municipal bond play by the shows main character Bobby Axlerod. In the closing of the Bloomberg Brief Weekly Video, Mr. Mysak describes in much the same fashion that we did, […]
Showtime Puts Muni Bonds in Spotlight When you think of Hollywood and its glitz, glamour and sex. Municipal bonds are probably the furthest thing from your mind. However, thanks to the folks at Showtime, municipals bonds are under the same bright lights that have illuminated the likes of Marilyn Monroe, Steve McQueen and Audrey Hepburn. […]
Bearer Bonds, Where Have They Gone? Bearer bonds (no, not Barry Bonds) have gone the way of the dodo bird, beta-max, or the Jell-O pudding pop. Once a staple in the municipal bond market, you rarely come across them these days. Bearer bonds became popular because they were debt instruments that were owned by the […]
Kicker Bonds: How to Buy We have spoken about our love for kicker bonds. Especially during a time of rising interest rates. Today we will discuss how to construct and pick out a suitable kicker bond. Pick a high quality bond. You’ll want a credit rating of A or better by either Standard and Poors […]
Puerto Rico continues to make headlines this week. We previously reported the poor condition of Puerto Rico’s municipal bonds. The clock is ticking for the commonwealth now as they have a deadline on May 1st to reach settlements with their creditors. For more information read this article on Bloomberg.com (SOURCE: BLOOMBERG.COM)
Dean Myerow and Sean Vesey Launch Las Olas Wealth Management of NatAlliance Securities FORT LAUDERDALE, Fla., March 23, 2017 /PRNewswire/ — Las Olas Wealth Management launched recently as a premier wealth management group within NatAlliance Securities LLC of New York City. Specializing in municipal bonds and tax advantaged income, Las Olas Wealth Management is dedicated to […]
The Tax Policy Center defines the Alternative Minimum Tax as the following: The individual alternative minimum tax (AMT) operates alongside the regular income tax. It requires many taxpayers to calculate their liability twice—once under the rules for the regular income tax and once under the AMT rules—and then pay the higher amount. Originally intended to […]
