How to Invest in Bonds in Australia
- 1). Contact your brokerage account customer service representative and ask whether they offer global trading services with Australian securities. If they don't, find a brokerage firm that allows Australian securities purchases. Ask tax advisers, bank representatives and insurance agents for referrals or go online to find information on firms that do global trading. Scottrade, e*Trade and Schwab offer international trading services.
- 2). Open the account and fund it with a deposit or transfer of assets from another brokerage account.
- 3). Research the Australian bonds you are interested in buying. While brokerage firms may offer global transactions, you may find it difficult to get a lot of advice from U.S. brokerage advisers. Use Bloomberg, Yahoo Finance and MSN Money for current information on Australian bonds.
- 4). Buy the bonds. You may call the customer service number for the brokerage firm to place the order or log into your online account and follow the on-screen prompts.
- 5). Record any information about the transaction, including the bond name, interest rate and transaction fees, along with any confirmation number given to you by the representative.
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