Skip to main content
No. of Recommendations: 1
Blacktree,

That's "combat fishing" and something I've never seen, though my ex-Alaska neighbor reports he's done a bit of it. These days also, due to a disabling back injury, my days of hiking into deep canyons and wading waters almost no one ever fishes are over. I had wanted to launch a pram and hit the spring crappie bite. But 'shelter-in-place' has kept me home, as has dealing with current markets.

Totally crazy stuff is going on that has turned 'investing' --in the customary sense of that word-- into the worst kind of high-risk gambling. Short-term trading, OTOH, like holding-periods of no more than 13 minutes, is making a lot of sense. The money is good, and the opportunities are plentiful.

But back to your original question about buying small lots of bonds. As you know, there is no 'bond market', but networks of underlying decks that the brokers re-quote from (plus --occasionally-- their own in-house inventory). Each desk sets its own price and purchase mins. But only the lot with the lowest price is quoted NBBO. That might require a min of 10 or 25 or 100, whereas you might want just 2.

However, if you pull the book --aka, the order queue-- you can often find a desk offering a smaller sized lot, albeit at a higher price. Often enough, the price is just pennies more and not an impediment, especially if the broker with the lowest commish will do the trade for you.

You do know that FINRA offers historical bond data, as well as charts of how a bond has traded? Very, very useful for estimating over-bought/over-sold.

Arindam
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.