Bonds are not nearly as liquid as stocks. You can buy and sell, but the spread and fees will be high and not transparent. A good alternative is to buy a bond fu

Bonds are not nearly as liquid as stocks. You can buy and sell, but the spread and fees will be high and not transparent. A good alternative is to buy a bond fund or ETF. Vanguard has a bond fund specific for CA munis. You also get diversification for free (as much as you can diversify within a CA muni bond fund).