&gt; Good points but the same can be said about the stock market. How can you ascertain what news, speculation or any other factor will do (or did) to an equity at any given time?<p>I would use this logic to also argue against investing in individual stocks.<p>&gt; Nobody knows interest rate trajectory.<p>Agreed<p>&gt; The value doesn&#x27;t drop as much as you would think.<p>If the interest rate the market is willing to pay for a particular muni bond rises, that bond will be worth less and that difference is extremely easy to calculate.<p>&gt; If interest rates rise and the bond price drops, the yield increases and you or others will buy more.<p>The fact that rate is rising means that investors are not giving as high of a value.  The better way to think about this is that investors decide the Muni bond and other fixed income assets are worth less so they pay less so the yield rises.  It is kind of opposite of how you are thinking about it.<p>&gt; There aren&#x27;t a lot of safe options right now and people are nervous with the election and the market.<p>Muni bonds are no more &#x27;safe&#x27; than other investments.<p>&gt; I agree on doing bond funds and diversification.<p>Bond funds can also be highly risky and have large durations which can also mean high interest rate risks.<p>&gt; I put a good chunk in muni bonds and cash. I max out a 401k but that&#x27;s it for the market because I think it&#x27;s highly overvalued and I don&#x27;t like putting most of my money where I have no control. The rest goes into my own companies and real estate.<p>It sounds like you are highly exposed to interest rate risk in your portfolio and you should work really hard to understand it more clearly.