How to Diversify Your Risk in Municipal Bonds

Merrill Lynch: What I'm trying to demonstrate with a conversation around municipal bonds is you start with this fundamental understanding that I've got a dollar to invest and I can either do it passively or actively. And when I do it passively, I can lend her own. Now, if I do it actively, I can lending her own. Right? So we're getting into the weeds a little bit. We want further diversifying your risk there, right? Yeah.