: Provide personalized advice and research but typically charge higher fees or markups.
: Many traditional banks also offer bond-buying services. 3. Identify the Type of Bond
Before buying, you must decide between the two primary categories:
Buying municipal bonds ("munis")—debt securities issued by state and local governments—is a popular strategy for investors in high tax brackets seeking federal tax-exempt income. You can buy them directly as individual bonds or indirectly through managed funds. 1. Choose Your Investment Method
: Tailored portfolios of individual bonds managed by professionals, typically requiring a high minimum investment like $350,000 . 2. Select a Platform
: Self-directed platforms like Fidelity , Charles Schwab , or Interactive Brokers allow you to research and buy bonds directly.
You can purchase these through various financial institutions: