Growth investors should use high-yield and muni bonds amid rate-hike times

Noland Langford, chief executive at Left Brain Investment Research says that with the Federal Reserve poised to hike interest rates several times this year, growth-oriented investors can find the right kind of "action" in corporate bonds and tax-free municipal bonds. He is expecting yields of up to 4 percent on munis and says the corporate bonds can be purchased at discounted prices now, but with intermediate maturities that should have them paying off shortly after the rate-cycle ends. Langford also talks about the benefits of making Roth IRA conversions now, as investors consider their tax picture.