Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Any thoughts on zions direct auctions
Old 02-19-2010, 10:48 AM   #1
Recycles dryer sheets
Join Date: Oct 2009
Posts: 58
Any thoughts on zions direct auctions

Just wondering if anyone has ever used this site and whether or not they have ever purchased muni's cd's etc from them. Is it reputable?

floatingdoc is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-21-2010, 05:29 AM   #2
Full time employment: Posting here.
Join Date: Mar 2008
Posts: 654
I have never used zions personally.
But I have noticed post over at bogleheads where people seemed pleased with their service when buying bonds.

Stevewc is offline   Reply With Quote
Old 02-21-2010, 11:08 AM   #3
Confused about dryer sheets
Join Date: Feb 2010
Posts: 2
Disclosure: I work for the parent company of Zions Direct. The following is my opinion only.

I bought several corporate bonds through the auction site about six months ago and it was pretty easy. You can bid either the price or yield and are e-mailed if you are out-bid. It reminds me of eBay back in the day when it was first getting started. There is one interface quirk that I can think of, but otherwise it really is that simple.

You can sign up for a free account, but FINRA will soon require bidders to have a Zions Direct brokerage account open before they can bid. One neat thing is that my existing checking account functions as the cash portion, so I just recently received my interest payments there, but you can also elect to have the normal brokerage cash account.

After watching the auctions for about a year as an investor, I can say that you will find some good deals on CDs and bonds, and some really crappy deals as well. Since the issuer can set the market-clearing bid, I have occasionally not bid because the minimum was at a premium. And make sure you read the term sheets carefully so you are aware if interest has accrued. I got hit by this on one of my bonds.

All in all, I like the platform and have been happy using it.
agnielson is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Direct TV or Comcast modhatter Other topics 14 03-24-2008 02:59 PM
ZIONS CD Direct Auctions OAG FIRE and Money 1 05-25-2007 02:44 PM
this month's TIPS auctions JohnEyles FIRE and Money 5 01-03-2007 08:00 AM
Direct Deposit to ING Direct cube_rat Young Dreamers 7 03-06-2006 10:10 PM
Help direct my life... malakito Other topics 19 06-29-2005 11:50 AM

» Quick Links

All times are GMT -6. The time now is 03:08 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.