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How and where do I buy bonds?

Where can i buy government bonds?

  • I want to buy some government bonds that i can keep for a while then cash them in for my children's college funds. Where do i buy some bonds? Do i go to the bank or something? Any legit website or information would be very much appreciated. Thank You.

  • Answer:

    With every good online broker (schwab, TD, etrade..), you will be able to buy some bonds. Anyway, IMHO buying bonds especially government bonds right now is not a good idea. First interest rate are very low, as soon as the interest will raise, you will loose money and if you keep them until maturity you will be stuck with a low interest rate when maybe inflation will be higher (loosing purchasing power) Second, governments have huge amount of debt because they have bailed out private economy (after sub prime meltdown). They will need maybe to issue new bonds, triggering rate cut by agencies like Moodys, so interest will rise. If you still want to buy some bonds, buy a bond ETF , at least you will be diversified.

Shelly D. at Yahoo! Answers Visit the source

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Governments are moving more towards websites to sell the bonds but traditionally you would go to the post office or go through your bank or broker. Some countries, mostly European countries still have lottery bonds where each coupon is a chance to win millions, sort've like buying a lottery ticket and getting your money back when you lose. You might want to open a 529 for your child, have friends and family donate to it and purchase a moderate mutual fund. Bonds will pay very low interest right now and will likely drop in value when interest rates rise, you don't really want long term bonds and what are you going to do with the interest coupons? Just let them sit there uninvested?

John W

You don't want paper bonds. You should really do this trough a brokerage account like Schwab or Fidelity How much money are we taking about? Even a 529 plan would be better. Note: If you are lower income, careful about saving for college You might be better off paying off your debts, including mortgage since this is not part of the FAFSA. She will qualify for less loans and grants if there is a lot of money in savings. The FAFSA will not know that you live debt free Pay off all debt - best move you can make Student loans are easy to make, and you can pay them off for her if you need them

Go with the flow

Government bonds are sold through investment banks.

Eddie W

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