Replies to post #202217 on Biotech Values

[DewDiligence]

[OT]—There is no general answer because it depends on your risk tolerance, your desire for tax-free income, and your state income-tax rate—as well as your outlook for interest rates.

When buying VMATX, I satisfied my concern about rising interest rates by observing that the fund's worst year ever for total return was -2.5%.