How To Buy Municipal Bonds Directly ✦

: Brokers typically charge a markup (a hidden fee added to the purchase price) or a commission to execute these trades.

Buying municipal bonds ("munis") directly generally means purchasing individual bonds rather than investing through a mutual fund or ETF. There are two primary ways to do this: the (newly issued bonds) and the secondary market (previously issued bonds). 1. Purchase Channels how to buy municipal bonds directly

Individual investors typically cannot buy municipal bonds directly from the issuing local government; instead, they must use an intermediary. : Brokers typically charge a markup (a hidden

: There are generally no markups or transaction fees when buying in the primary market. However, minimum investments are often higher—typically starting at $5,000 per bond. 3. Secondary Market: Existing Bonds how to buy municipal bonds directly

: Self-managed accounts at firms like Fidelity , Charles Schwab, or Vanguard allow you to research and place orders yourself.