Municipal Bond Forum
Buying right
Q
I’m 65 and I want to move some of my portfolio into bonds. How do I guarantee the lowest possible commission on the purchase and sale of bonds?
A
James A. Klotz responds:
We agree that commissions shouldn’t be excessive, but seeking the lowest possible commission rate probably shouldn’t be your main priority. We think it is considerably more prudent to focus on the best securities to own, rather than what it cost to buy them.
Unlike shares of a particular stock, municipal bonds are not all created equal. If you end up with the wrong bonds or bond funds, it wouldn’t matter what the commission was.
You don’t want to find out at age 75 that you were penny wise and pound foolish.
Start here.
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This report is produced solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. This report is based on information obtained from sources believed to be reliable but no independent verification has been made, nor is its accuracy or completeness guaranteed.