Things You'll Need:
- Internet Access
- Computers
- Wall Street Journal
- Financial Calculator
- Brokerage Accounts
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Step 1
Decide whether you want to buy a new issue or an issue that is already outstanding. Many securities dealers sell both types.
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Step 2
Research the bond issue. Web sites such as www.bondmarket.com and www.investinginbonds.com offer information on prices and yields.
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Step 3
Call a dealer or banker who is registered with the Municipal Securities Rule-Making Board. There are 2,700 registered municipal bond dealers nationwide.
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Step 4
Tell the dealer which issue interests you. You might need to open an account with the dealer before you proceed.
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Step 5
Ask for a prospectus or offering statement that deals with the issue of interest.
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Step 6
Decide whether the risks, features and terms of the issue suit you.
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Step 7
Estimate the tax benefits you will get as a result of investing in the bond. Does it provide a better deal than you could get with other types of investments?
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Step 8
Call the broker and ask to invest in the issue.
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Step 9
Remember, the minimum investment in a municipal bond issue is usually $5,000.







