p*****r
发帖数: 595 | 1 购买金额不会很多，几千到几万美元吧，在哪里可以买到呢，手续费要低的，还有买了
后可以方便的卖掉的，不需要一直hold，谢谢 | s**********v
发帖数: 1379 | 2 可以考虑muni bond fund?
【在 p*****r 的大作中提到】
: 购买金额不会很多，几千到几万美元吧，在哪里可以买到呢，手续费要低的，还有买了
: 后可以方便的卖掉的，不需要一直hold，谢谢
| y****i
发帖数: 778 | 3 Good question. So far Fidelity is the best broker for individual muni bond,
no fee for IPO
www.fidelity.com/newissuemunis
If secondary, $1 for $1000 bond for your bond number more than 8( face value
is above $8000), otherwise $8. For muni, minimum amount is 5 or 5000$ face
value, can be less if you buy a zero coupon bond.
However, there's no broker you can easily sell your muni bond without some
spreading. Because most muni bond holder will buy and hold until maturity.
If you want a small spreading, try General Obligation bond of large state
like CA, or Puerto Rico bond because no state tax for all investors, or
large scale transportation bonds like over $1 billion size. Buying a muni is
easy for retail investor because many of the ask price accept 5 or 10 bond
(5000$ or 10000$ face value). But selling is hard because the broker has to
buy the bond by itself first. If you really want better liquidity, try
corporate bonds first because they can be sold online like stocks. | y****i
发帖数: 778 | 4 Yes. However, you will lose money if the bond market is going down and your
bond funds realize the capital loss at the same time. For individual bond
investors, they can always choose to buy and hold until maturity, and thus
never lose money as long as the bond does not default.
【在 s**********v 的大作中提到】
: 可以考虑muni bond fund?
| p*****r
发帖数: 595 | 5 Thanks a lot. very good summary. More questions:
1. tax-exempt Muni Bond means no federal tax. You just mentioned General
Obligation bond of CA. Is this state-tax-exempt? even for residents outside
of CA?
2. There is no tax-exempt corporate bond, right?
,
value
face
【在 y****i 的大作中提到】
: Good question. So far Fidelity is the best broker for individual muni bond,
: no fee for IPO
: www.fidelity.com/newissuemunis
: If secondary, $1 for $1000 bond for your bond number more than 8( face value
: is above $8000), otherwise $8. For muni, minimum amount is 5 or 5000$ face
: value, can be less if you buy a zero coupon bond.
: However, there's no broker you can easily sell your muni bond without some
: spreading. Because most muni bond holder will buy and hold until maturity.
: If you want a small spreading, try General Obligation bond of large state
: like CA, or Puerto Rico bond because no state tax for all investors, or
| y****i
发帖数: 778 | 6 1. No, it is not state tax exempt if you outside of CA. If you live in NY,
IL, MA, NJ, CT or OR, you can buy your own state GO. I don't know how
liquidity of small sate GO. Because of no income tax for TX, WA and FL, the
demanding of these bonds is not as high as CA or NY whose state tax is much
higher. Only PR bond is state tax free even for residents outside of PR.
2. Yes, there is no tax-exempt corporate bond. That is the trade off for
liquidity.
outside
【在 p*****r 的大作中提到】
: Thanks a lot. very good summary. More questions:
: 1. tax-exempt Muni Bond means no federal tax. You just mentioned General
: Obligation bond of CA. Is this state-tax-exempt? even for residents outside
: of CA?
: 2. There is no tax-exempt corporate bond, right?
:
: ,
: value
: face
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