Municipal Bond Management: Is It Necessary to Hire a Bond Manager?
Municipal bond management makes sense for bond holders who want to maximize their investments. Active, persistent portfolio management can make the most of muni bond holdings through attentive, observant decision-making and shrewd adjustments geared to take advantage of ever-changing market trends and developments. Every investor may not necessarily have the time to pay attention to such detail, and this is why one may opt to hire a professional bond manager whose experience and expertise will be conducive toward creating a portfolio that controls risk while yielding more profits. Furthermore, the bigger players in the muni business may have more clout and leverage, affording them the ability to sell bonds faster with more favorable returns.
Municipal Bond Management Resources
However, for the do-it-yourself types out there, it’s never been easier to be your own personal bond manager. With the many useful tools, programs, and resources available to the modern investor, cutting costs by choosing not to hire a professional municipal bond management firm is an increasingly more viable option.
To get started, one can purchase financial calculators with specialized keys and functions aimed toward accurately determining a bond’s value or yield to maturity. Additionally, there are computer programs and spreadsheet applications dedicated to the same purpose, giving the public access to the same resources that have been available to a professional bond manager for years. What’s more, the process for determining the value of one’s bond is fairly straightforward. To calculate the current market price of your bond, you need only know basic facts about your investment, including the amount of days/months/years until maturity, the fixed interest rate, and the future value.
A Convenient Online Bond Manager
The down side to these high tech instruments and programs is that they don’t come cheap. You’ll be hard-pressed to come across a quality calculator with a low price tag, and some of the pertinent software applications are designed to be modular, meaning one must purchase various add-ons to get the most out of the package. Thankfully, helpful online municipal bond management services, such as BondView, provide many of these same services for free with only a few features requiring an annual fee. The many useful tools provided by BondView are designed to provide high level monitoring and quantitative analysis to help each individual holder be an effective bond manager, empowering them with the needed resources to build a portfolio that will garner the biggest bang for their investment buck.