To buy Illinois bonds, you generally have three paths: purchasing through a broker, investing in diversified funds (ETFs or Mutual Funds), or participating in new issuances directly from the state or local governments.
: While individual bonds often require a $5,000 minimum investment, funds often allow you to start with much smaller amounts. 3. Participating in New State Issuances how to buy illinois bonds
Because Illinois state and municipal bonds offer unique tax advantages—typically being exempt from federal income tax and sometimes state taxes for Illinois residents—they are a popular choice for stable income. 1. Buying Through a Brokerage To buy Illinois bonds, you generally have three
If you don't want to pick individual bonds, you can buy shares in a fund that manages a basket of Illinois municipal debt. Participating in New State Issuances Because Illinois state
: Sometimes municipalities offer bonds directly to residents. You can monitor the Illinois Capital Markets site for official state bond notices and underwriters.
: You can buy "New Issues" (brand new debt) or "Secondary Market" bonds (existing bonds sold by other investors).
