What do you recommend to Caitlin on the subject of stocks and bonds regarding:

1. Investing for retirement in 18 years?

2. Owning blue-chip common stocks and preferred stocks rather than other common stocks given Caitlin’s investment time horizon?

3. The wisdom of owning municipal bonds rather than corporate bonds?

4. The likely selling price of her corporate bonds, if sold today?

5. Investments that might be appropriate to fund her children’s education?