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Outside The Stocks: Muni Bonds

If you’re looking for an investment outside the stock market, maybe it’s time to consider muni bonds.

Muni bonds, which is short for municipal bonds, is a bond issued by a state or local government.

Typically the money raised goes to pay for special projects such as highway improvement or the construction of a sports arena. Often times the interest that investors receive is tax exempt, making this type of investment especially attractive to retired Americans.

Long considered once of the safest ways to invest, munibonds have come into question lately after Warren Buffett stunned investors with a warning of default risk in this market.

Is Buffett onto something? We asked top ranked investment advisor Gregg Fisher, of Gerstein Fisher.

Find out what he has to say. Watch the video now!

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Trader disclosure: On May 15th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (DRYS), (RIMM), (RIG), (TSL), (F), (AAPL), (BAC), (BX), (EEM), (FXI), (TSL); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman's Firm Owns (PBR), (RIG); Finerman's Firm Owns (BAC) Preferred, (WFC) Preferred; Finerman's Firm Is Short (XRT), (BAC), (WFC); Najarian Owns (CELG); Najarian Owns (AMD) Calls; Najarian Owns (BX) Calls; Najarian Owns (INTC) Calls; Najarian Owns (MOS) Call Spread; Najarian Owns (XHB) Call Spread; Najarian Owns (XLB) Call Spread; Najarian Owns (XLU) Calls

Gerstein Fisher Has Approximately 10% Of Its Client Portfolios Invested In Municipal Bonds with wires