Doonesbury by Garry Trudeau for May 16, 2023

Alice, municipal bonds are triple tax free.

For those with recent inheritances, I quote from “White Rabbit” by the Jefferson Airplane: Go ask Alice.

No T-bills, get Crypto and invest into chips and AI.

Poor does not mean stupid.

Whatever you do, Alice—just don’t let your useless BF near it!!

Forget all that: Head for Vegas-or start buying some Trump tokens. There’s plenty left over.

Put it all into Metaverse real estate!

Inasmuch AFAIK Alice remains homeless to this day, she must have ultimately donated the money to someone else. I guess.

Look for AI to go the way of crypto.

Very few money managers consistently out-perform an S&P 500 index fund after all their fees and charges are deducted. Especially if the stock index fund is balanced with a bond index fund.

Huh. Who knew? Apparently, just because you’re poor doesn’t mean you’re ignorant. It takes money to make money.

About 20 years before this strip was originally published, my wife and I got T-bills and, in 6 months, got $1000 in interest for each one. Of course interest rates were pretty high back then; we needed a bridge loan (for less than a month) to help buy a house and the rate was north of 15%!

Alice’s plan sounds better than my 401-K. Is she taking new clients?

Isn’t there a 50% inheritance TAX?

wELL,MAYBE THEMONEY WENT TO BUILD HOMELESS SHELTERS.

Maybe Lacey knew what she was going when she left the money to “Pearl.”

Corn chips or potato chips?

Back in the mid 80s our downtown’s most infamous bag lady was always catching heII for how she looked and carried on. When she passed years later, turns out she was one of the wealthiest citizens in town and had significant property holdings.

Never underestimate Alice.

The black shadow in panel 2 is a man with a top hat doing a flip.

Living on the streets of DC, Alice probably overheard, picked up a few things from the people at Treasury while they were on their breaks.

It’s been noted here before, but here we clearly see that before it was fashionable Joanie got her ears pierced at the top instead of down at the lobe.

Alice actually has a sensible plan.