How Do You Invest In Bond Unit Investment Trusts?
A bond unit investment trust is a type of investment company that issues a set number of stocks or bonds that have a determined lifetime. Unit investment trusts will buy back the securities they offer at the net asset value if the investor doesn’t want to wait until the set date of maturity. As a potential investor, you should know how to invest in bond unit investment trusts. Set up an account with a stockbroker if you don’t already have one. Like most other investments, bonds unit investments trusts will issue the bonds, but they are sold to investors through brokers. Hold onto the bond unit investment trusts until they mature. You’ll receive monthly payments on your bonds as they grow over time. This income is part of the interest from your investment and you’ll receive the total amount once it matures, which is usually between 6 months to several years after the bonds are issued. Sell your bonds early only if you have an emergency financial situation. Luckily, almost all bond unit
