Little old ladies getting massacred in Schwab California muni fund

This is one of those ultra-conservative funds that won't make you rich, but will generate a safe 3% or so, tax-free, each year.

Until now.

Wait 'til Grandma sees her month-end statement. Kibbles 'n Bits! Kibbles 'n Bits! I'm gonna get me some Kibbles 'n Bits!

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