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Brochure Supplement Joe Estes
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Own Your Practice
Letter to Clients
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Fixed Income Portfolio (FIP)
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Taxable Bonds
Par, Premium, and Discount Bonds
Rating and Analyzing Bonds
Refunding & Pre-refunding
Bond Yields
Yield Curve
Secured Bonds
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Unsecured Bonds
Debentures
Subordinated Debentures
Zero-Coupon Bonds
Convertible Bonds
High Yield Dividend Stocks
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Legal Services
Termination
MUNICIPAL BONDS
Municipal Bond Presentation
About Us
The Management
Global Asset Allocation Products
FIP Program
Classifying Municipal Bonds
Revenue Bonds
Credit Factors Affecting General Obligation Bonds
Credit Factors Affecting the Quality of Local Municipal Bonds
Analyzing the Credit Quality of General Obligation Bonds
Analyzing the Credit Quality of Revenue Municipal Bonds
What We Normally Buy
What We Normally Don’t Buy
Municipal Bonds – Unique Asset Class
Default Rates
Yield Difference
Turnkey Operation Platform
Advantages of Our Bid Wanted System
Advantages of Our Clearing System
Preferred Custodian Settlement
Advantages of Same-Day Allocation
TSL’s Turnkey Operation Platform
Classifying Municipal Bonds
Revenue Municipal Bonds
Types of Revenue Municipal Bonds
Industrial Development Revenue Bonds
Lease-back Bonds
Special Tax Bonds
NHA/PHA Bonds
Moral Obligation Bonds
Municipal Notes
TANs/RANs
BANs
CLNs/GANs
Variable Rate Bonds/Notes
Build America Bonds
Double-Barreled Bonds
Bond Index Components
Open-end-Closed-end-Indenture
Sinking Fund
Bond Contracts
Bond Indenture
Official Statement
Bond Issuance Process
Analyzing GO Bonds
Analyzing Revenue Bonds
Debt Ratios
General Price Analysis of Municipal Bonds
Liquidity
Interest Rate Risk
Credit Risk
Coupon Risk
Maturity Risk
Municipal Bond Insurance
Municipal Bonds Unique Asset Class
Default Rates
What We Buy Currently
What We Normally Don’t Buy
Turnkey Operation Platform
Advantages of Our Bid Wanted System
Advantages of Our Clearing System
Preferred Custodian Settlement
Advantages of Same Day Allocation
Traditional Broker/Dealer Execution Flow
TSL's Turnkey Operation Platform
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Investing During Uncertain Times
Read FULL Seminar Here
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Vanguard Energy ETF
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Updated: 1:43 PM EDT, Jun 17, 2026
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As Putin Visits Belarus, Rouble Plunges To Weakest Level In 7 Months Against Dollar
↗
December 19, 2022
The Russian rouble plunged to its weakest level in over seven months against the dollar on Monday and was on the path to its biggest single-day drop since July.
Via
Benzinga
Time To Buy Oil Dips? Cramer Says Crude 'Can Rally Another $20 From Here'
↗
December 13, 2022
Prominent market commentator Jim Cramer on Tuesday analyzed a chart by Carley Garner and advised investors to buy the dips in oil, saying that the sell-off in
Via
Benzinga
The 7 Best Investment Funds to Navigate a Possible Recession
↗
December 13, 2022
With a possible recession on the horizon, investors may be able to protect themselves through the best investment funds.
Via
InvestorPlace
This Oil Exchange Traded Fund Received Record $500M In A Week: Here's What Happened
↗
December 13, 2022
WisdomTree’s Brent Crude ETP has attracted a weekly record inflow of close to $500 million, almost tripling the fund’s assets to over $700 million as investors piled into the market during its worst...
Via
Benzinga
ETFs to Watch In This Fed And Inflation Busy Week
↗
December 12, 2022
Investors should keep a close eye on the 5 ETFs that are most exposed to these events.
Via
Talk Markets
Western Sanctions On Putin's Russia Increased Oil Exports To China, Created Europe Energy Crisis: Johns Hopkins Professor
↗
December 08, 2022
Steve Hanke, Professor of Applied Economics at Johns Hopkins University, has expressed his skepticism about the impact of Western sanctions on Russian oil highli
Via
Benzinga
El-Erian Says Western Sanctions On Russian Oil Expected To Increase Discount On Urals Relative To Brent: But 'What Is Harder To Anticipate Is...'
↗
December 05, 2022
Allianz chief economic adviser and noted economist Mohamed El-Erian has highlighted the fact that although the discount on Russian crude oil relative to Brent crude will increase following Western...
Via
Benzinga
Putin's Point Man On Energy Says Russia Won't Adhere To Western Oil Price Cap Even If It Has To Cut Production
↗
December 04, 2022
President Vladimir Putin's point man on energy and Russian Deputy Prime Minister Alexander Novak said even if Russia has to trim production, it will not sell oil subject to a Western price
Via
Benzinga
As EU's Russian Oil Cap Deadline Nears, OPEC+ Virtual Meet Reportedly Indicates Little Possibility Of Policy Change
↗
November 30, 2022
The decision of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to conduct its Dec.
Via
Benzinga
Anti-Xi-Jinping Protests Drag Down Oil, WTI Futures Fall To Lowest Level In Nearly 2 Years
↗
November 28, 2022
Oil futures declined over $2 a barrel in Asian trading on Monday, with West Texas Intermediate (WTI) hitting its 11-month low mark weighed by protests in China over Xi Jinping’s harsh COVID-19...
Via
Benzinga
This Country Will Now Use Gold To Buy Oil Rather Than Dollars
↗
November 24, 2022
Ghana's government is negotiating a new policy regime where it will use its gold rather than its U.S. dollar reserves to buy oil products, Vice-President Mahamudu Bawumia said in a Facebook post on...
Via
Benzinga
Cramer Says 'Mother Of All Buying Opportunities' Coming For Oil — Points To This 'Devastating' Historical Thanksgiving Pattern
↗
November 23, 2022
Prominent market commentator Jim Cramer highlighted a chart analysis from Carley Garner and said that investors should gear up to buy oil next month,
Via
Benzinga
German Economist Reportedly Files €50 Lawsuit Against OPEC Over Allegations Of Running An 'Illegal Cartel'
↗
November 08, 2022
A 44-year-old German economist and lawyer, Armin Steinbach, has decided to sue OPEC for damages that include 50 euros, plus interest, alleging that the group was operating "an illegal cartel,"...
Via
Benzinga
To Deter Putin From 'Gaming' System, G7 Reportedly Agrees To Set Fixed Price For Russian Oil
↗
November 03, 2022
The Group of Seven (G7) rich nations and Australia have decided to set a fixed price when they finalize a price cap on Russian oil later this month, as against adopting a floating rate, Reuters...
Via
Benzinga
This Is How Much OPEC Expects Global Oil Demand To Rise By 2045
↗
November 01, 2022
The Organization of the Petroleum Exporting Countries (OPEC) has said in its 2022 World Oil Outlook that global oil demand is projected to increase from almost 97 mill
Via
Benzinga
Oil Market Draws Strength From China's Crude Binge As It Nudges Refiners To Bump Up Fuel Shipments
↗
October 28, 2022
China has bought millions of oil barrels in a late buying spree in the wake of refiners planning to increase fuel exports through the end of the year, reported Bloomberg.
Via
Benzinga
Biden's Team Said To Be Reworking Russian Oil Price Cap Plan On Mounting Skepticism, Few Commitments
↗
October 26, 2022
Led by investor skepticism and burgeoning risk in the financial markets driven by crude oil price volatility and central banks’ actions to tame inflation, President Joe Biden's te
Via
Benzinga
ETF Battles: Which Energy ETF is the Better Investment?
↗
October 24, 2022
In this episode of ETF Battles, Ron DeLegge ETFguide referees an audience requested triple header between energy ETFs from Invesco (RYE), Select Sector SPDRs (XLE) and Vanguard (VDE).
Via
Talk Markets
ETF Battles: Which Energy ETF Is The Better Investment?
↗
October 22, 2022
In this episode of ETF Battles, I referee a triple header between energy ETFs from Invesco, Select Sector SPDRs, and Vanguard. Which one will win?
Via
Talk Markets
As Putin's Gas Cuts Fuel Energy Crisis, EU Takes Emergency Actions
↗
October 21, 2022
The European Union has agreed to go ahead with a set of emergency actions to tackle the bloc’s energy crisis, with Germany finally yielding to pressure from its peers to pave the way for a temporary...
Via
Benzinga
Biden Could Help Lower Your Energy Bills As White House Says Companies' High Prices Amid Falling Input Costs 'Unacceptable'
↗
October 18, 2022
President Joe Biden will soon call on energy companies to pass through lower costs to consumers "right away" as higher gas prices continue to be an overhang on his admi
Via
Benzinga
LNG Cargo Ships Queue Up Around Spain's Coasts While Europe Grapples With Putin's Gas Cuts: Here's What Happened
↗
October 17, 2022
More than 35 ships carrying liquefied natural gas (LNG) circling off the coasts of Spain are reportedly unable to secure slots to unload their cargo which has prompted grid operators to warn they may...
Via
Benzinga
Saudi Defense Minister After US Accusations Over OPEC-Russia: 'Iran Is Also A Member, Does This Mean...'
↗
October 16, 2022
The Saudi defense minister and King Salman's son, Prince Khalid bin Salman on Sunday refuted claims by the U.S.
Via
Benzinga
Saudia Arabia Says Team Biden Asked OPEC+ To Delay Output Decision By A Month, But It Would've Had 'Negative Consequences'
↗
October 13, 2022
Saudi Arabia has hinted that the Biden Administration had suggested delaying the decision by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to
Via
Benzinga
OPEC Trims 2022, 2023 Forecasts For Global Oil Demand Growth: 'Risks Skewed To Downside'
↗
October 12, 2022
The Organization of the Petroleum Exporting Countries on Wednesday reduced its 2022 forecast for growth in world oil demand for a fourth time since April, stating oil demand will rise by 2
Via
Benzinga
Joe Biden Says Saudi Arabia Will Face 'Consequences For What They've Done With Russia'
↗
October 12, 2022
President Joe Biden has reportedly said there would be “consequences” for Saudi Arabia for collaborating with Russia to trim oil production, an indication that cracks have appeared in th
Via
Benzinga
Janet Yellen Says Economy 'Doing Very Well' — But Lowering Inflation 'A Priority' For Team Biden
↗
October 11, 2022
Treasury Secretary Janet Yellen has said the U.S. economy is “doing very well," even as surging energy prices, COVID-19 variants and Ukraine war have taken their toll on global markets.
Via
Benzinga
Janet Yellen Calls OPEC+ Move 'Unhelpful And Unwise' For Global Economy: 'Very Worried About Developing Countries'
↗
October 09, 2022
U.S.
Via
Benzinga
Larry Summers Says Sense Of Saudi-Russian Collaboration 'Can't Be Happy One For Americans'
↗
October 07, 2022
Former Treasury Secretary Lawrence H.
Via
Benzinga
Putin Helped By Saudi Arabia In His 'Despicable' Ukraine War, Says Schumer As Anti-Oil Cartel Bill Gains Bipartisan Momentum
↗
October 06, 2022
As the ‘No Oil Producing and Exporting Cartels’ (NOPEC) bill gained momentum among both parties, Democratic Senate Majority Leader Chuck Schumer said in his tweet that Saudi Arabia’s actions will long...
Via
Benzinga
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