Broker to use for Corporate Bond purchase?

[Boolaroo]

Hello all,
I have done the rounds over the last 40 years on the stock market and mostly lost money speculating even with some courses under my belt but in the last few years I've been steady with dividend returns on stocks.
With all the static going on I am moving across to Corporate bonds to be a bit more cautious.
My question is not whether to do this but what broker to go with? Does anyone have any knowledge of using "The Australian Bond Xchange" or "HSBC"

 

[Dona Ferentes]

Hello all,
I have done the rounds over the last 40 years on the stock market and mostly lost money speculating even with some courses under my belt but in the last few years I've been steady with dividend returns on stocks.
With all the static going on I am moving across to Corporate bonds to be a bit more cautious.
My question is not whether to do this but what broker to go with? Does anyone have any knowledge of using "The Australian Bond Xchange" or "HSBC"

Advice is not given; we're not holders of an AFSL.

There's a thread or two discussing bonds elsewhere and the Search button on top RH could help, especially if Search Titles Only is employed

 

[Joe Blow]

Advice is not given; we're not holders of an AFSL.

There's a thread or two discussing bonds elsewhere and the Search button on top RH could help, especially if Search Titles Only is employed

My question is not whether to do this but what broker to go with? Does anyone have any knowledge of using "The Australian Bond Xchange" or "HSBC"

Advice regarding which brokers to use isn't financial advice. If anyone here has some experience with either the two brokers mentioned or another broker that deals with corporate bonds, please feel free to share your experiences.

 

[divs4ever]

Hello all,
I have done the rounds over the last 40 years on the stock market and mostly lost money speculating even with some courses under my belt but in the last few years I've been steady with dividend returns on stocks.
With all the static going on I am moving across to Corporate bonds to be a bit more cautious.
My question is not whether to do this but what broker to go with? Does anyone have any knowledge of using "The Australian Bond Xchange" or "HSBC"

welcome to ASF ,
i hold Australian Bond Xchange shares , but have never used the company as a customer

i think regulations have changed since i was buying corporate bonds via Commsec ( on market ) between 2011 and 2016

please research VERY carefully ( each bond being considered )

PS don't be afraid to consult your financial adviser , if you have questions on the bond fine print

good luck

 

[Dona Ferentes]

Advice regarding which brokers to use isn't financial advice.

Maybe the thread title could be reframed, then.

If anyone here has some experience with either the two brokers mentioned or another broker that deals with corporate bonds, please feel free to share your experiences.

I use a broker, FIIG Securities, to hold a collection of OTC* bonds. There are other brokers around. Advisers generally don't point clients to directly held bonds, mainly because of the lack of research and APL** issues .

There are managed funds around but, as one contributor pointed out, these are often made up of government- issued bonds. These funds can charge fees that can be high, above 0.50%pa. Through my broker, there is a custodial charge of 0.20%pa. Retail investors are not well served by the buy/sell spread which discourages trading. A wholesale /sophisticated investor can have access to new issues, and a wider range of bonds.

*Over the Counter
**Approved Product List

 

[Joe Blow]

Maybe the thread title could be reframed, then.

I have edited the thread title to more accurately reflect the question being asked.

 

[Garpal Gumnut]

welcome to ASF ,
i hold Australian Bond Xchange shares , but have never used the company as a customer

i think regulations have changed since i was buying corporate bonds via Commsec ( on market ) between 2011 and 2016

please research VERY carefully ( each bond being considered )

PS don't be afraid to consult your financial adviser , if you have questions on the bond fine print

good luck

I doubt if many "Financial" Advisers, and I use those words advisedly have the wit to advise on much, let alone bonds.

gg

 

[divs4ever]

there must be some good ones left , they have evicted some of the terrible ones ,

but the definitions and recent changes are very important to understand , including where that debt ranks in the payout line ,especially when you have to search around online for the prospectus ( because you are buying 'on-market' not via the IPO )