How to Buy California Bonds
- 1). Open a brokerage account with an investment company that has the ability to purchase California bonds. You cannot buy California bonds directly from the state. If you have a brokerage account, then make sure that the financial firm has access to buying California bonds.
- 2). Learn about the bonds or notes for sale. Visit the California state treasurer website to see what bond issues are for sale. California bonds are offered only through an Official Statement. Download the Preliminary Official Statement to learn the details of the bonds. You can learn about credit ratings, maturity dates and the types of projects the bond issuance is funding.
- 3). Discuss the bonds with your broker. After educating yourself on the California bonds you're interested in buying, call your broker and discuss the options with him. Make sure your account is eligible to buy the California bonds you're interested in and see what the broker thinks about the quality of each bond. Also, discuss the process of buying the bonds during the early order period so you'll know when and how to place your order.
- 4). Place your bond order. When you're ready to buy the California bonds, contact your broker and place your order.