"Buy California Bonds"

Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
Post Reply
Posts: 358
Joined: Wed Feb 29, 2012 4:40 pm

"Buy California Bonds"

Post by thomasbayarea » Fri Apr 05, 2013 11:31 am

I'm hearing a lot of ads on the radio for "Buy California Bonds"


I'm wondering if anyone here has any experience buying these. How easy or difficult was the process?

I'm also having a hard time understanding the interest rate, yield and duration of the bond. How do I find that? There is some info here, but I don't quite understand it completely --


I'm looking to move some of my "house down payment" fund into short term tax free bonds. Hence the interest.

Posts: 709
Joined: Mon Oct 22, 2007 3:40 pm

Re: "Buy California Bonds"

Post by ilan1h » Fri Apr 05, 2013 11:39 am

You buy these bonds from a broker such as Schwab or Vanguard. IT's a very easy process. You tell them which bonds you're interested in and they will tell you the "approximate" coupon rate that you will get. The exact rate is calculated a day or two later when all the sales are in. At that time you have the option to cancel your puchase if you're not happy with the final rate. I believe that what they quote is very close to what you get.

User avatar
Posts: 2080
Joined: Mon Feb 19, 2007 5:53 pm

Re: "Buy California Bonds"

Post by JMacDonald » Fri Apr 05, 2013 11:46 am

Best Wishes, | Joe

Post Reply