Question: "I've never bought a bond in my life... how do I do it?"
Answer: Buying bonds is easier than it seems once you get the hang of it.
That’s why we’ve constructed this distressed debt guide with instructions for how to open a brokerage account as well as how to purchase individual securities.
I'd suggest re-reading Issue IV
for more information on how to find a broker and buy your first bond.
Question: "Can I take advantage of distressed debt opportunities if I live outside of the United States?"
Answer: For the most part - Yes, you can! Check your brokerage to see if you are eligible to buy foreign corporate bonds. However, there is no reason you won't be able to purchase these bonds.
Question: "How can I view the price of a bond? And, how do I track the performance?
Answer: Enter the CUSIP in the search bar of your brokerage service or – if you want to view the price of a bond you currently own – you can view the price, trade details, and your position by selecting the bond in the portfolio section of your brokerage account.
The CUSIP number is nine characters code that uniquely identifies a bond.
Remember, when buying bonds knowing the exact CUSIP code to buy is essential. It's not like buying a stock as each bond issued by the company has different properties.
Question: "I’ve never purchased a bond in my life and I am afraid of investing in bonds but am glad that Porter & Co. will teach us how to now. Where can I start?
Answer: Porter & Co. has created a distressed debt guide - featuring analysis and real-world examples and constructed by the Dean of High Yield - Martin Fridson.
This guide will have everything you need to know when it comes to distressed debt, stay tuned for details on how to get your hands on this invaluable guide.