 |
|
|
|
|
 |
|
© J. W. Korth & Company, 2005.
All Right Reserved
Shop4Bonds SM is a Service Mark
of J. W. Korth & Company
|
|
|
|
|
HOW DO I KNOW THAT J. W. Korth & Company L. P. - Institutional IS OFFERING THE BROADEST INVENTORY AND THE BEST PRICES?
Answering this question will take a little time, but saving thousands and thousands of dollars is well worth it. Follow the steps below:
Proving to you we have the Worlds Leading Public Inventory
- Sign up for our Free Test Drive and take a few minutes to familiarize yourself with our Search procedures.
- Go to the Alpha Platform and Click on either Corporates or Municipals, and, without doing anything else, go to the bottom of the screen and push "Find Bonds". When the bond list comes up, look at the top right hand corner and it will show total offerings. The Alpha Municipal offerings should total close to 12,000. The Corporate offers should display over 13,000. A combined total of over 25,000 offerings! Our Beta platform has about 20,000 Municipal offers. Adding both platforms together, you see over 45,000 offerings each day!
Proving to you we have the lowest prices for Secondary Market Offers
- After signing up for a Free Test Drive, perform a bond search on the Alpha system. By filling in your parameters on the Bond Search Screen, you will generate of list of bond issues. This typically returns several offers for the same issue, at different prices. As you scroll from page to page, you will continue to find bond issues with multiple offers. These are the real dealer prices and there are multiple offers because multiple dealers are offering a particular bond. Get the lowest offer, make a handwritten note of the price and the CUSIP Number.
- Now go to the current source for your bond purchases and get an offering on that CUSIP number. This will vary depending upon whether you are at a full service firm like Merrill Lynch, Smith Barney, Morgan Stanley or a discount firm.
- Repeat this a few times and you will see the difference in viewing dealer prices with no mark-up. Everyone else we know still uses hidden mark ups. Remember, we charge an execution fee, but your net price with us should be lower most of the time. Please call 800-454-1628 option #1 for more information on our fees.
Proving to you we have much better prices than the New Issues you may be buying from your Full Service Broker
This is where the difference can be really amazing!
- The next time you get an offer for a new issue(i.e. FHLB, FNMA, FFCB, FHLMC, or a corporate issue) note the offering yield and the maturity.
- Now go to the Inst.JWKorth.com system and enter the name of the issuer and a range of maturity dates close to the date of the new issue.
- Push "Find Bonds". Most of the time you will get offerings within a few months of the new issue. You should avoid buying the new issue if there is a secondary market offering available with a higher yield. New issues are a bargain for the issuers and a high commission product for the selling firms(Note: We do offer new issues - they may offer the best yield currently available or they may match a future payment date you need to match).
|
|
|
