Muni Bonds
Technique
Safe, tax-free income storage that can also be borrowed against for real estate deals; war chest preservation
"I'm mostly in tax-free muni bonds. That's where I like to be because it's safe and I can borrow against it and it's tax-free. All the interest on that 5% tax-free is really like 8 or 9% to me. I'm a big believer in muni bond funds and muni bonds because I l..."
More source quotes
Safe, tax-free income for wealthy investors
"70% of your net worth should be in MUN bonds paying you a huge tax-free yield. You want to dick around with a few million dollars, knock yourself out."