Toward that end, I have bought a package of closed-end municipal bond funds (I have no favorite), including: VPV, Invesco Trust for Investment Grade Municipals ( VGM), Invesco California Value Municipal Income Trust ( VCV), Nuveen Quality Income Municipal Fund ( NQU), Nuveen Select Quality Municipal Fund ( NQS), Nuveen Premium Income Municipal Fund II ( NPM), Nuveen Premium Income Municipal Fund ( NPI), Nuveen Municipal Market Opportunity Fund ( NMO), Nuveen Municipal Advantage Fund ( NMA), Nuveen Dividend Advantage Municipal Fund ( NAD), Eaton Vance Municipal Income Term Trust ( ETX), BlackRock Municipal Target Term Trust ( BTT) and BlackRock Investment Quality Municipal Trust ( BKN). My current intention is to treat this package of bonds as an investment, though a short-term trade (January to February) to the upside is quite likely. I plan to keep my package of closed-end municipal bond funds for the next two to three years. I remain confident that the bonds will likely outperform (on an absolute and risk-adjusted basis) the S&P 500 over that time frame. This column originally appeared on Real Money Pro at 8:46 a.m. EST on Dec. 17.