| Silly question you may say! Of course you
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| | or even 1000, this volume will be
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| buy stocks via your broker or online
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| | difficult to get and may take several
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| using your brokerage account.
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| | hours or even days.
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| But ...
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| | What can also happen then is, that your
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| It's not necessarily that easy if you
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| | order will automatically be split up into
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| want to buy foreign stocks which you
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| | several orders until the entire volume
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| shouldn't really underestimate nor
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| | ordered is purchased. This is what
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| neglect. There's a whole batch of foreign
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| | happened to one of my orders a few years
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| stocks out there that make great
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| | ago. And every order is charged with a
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| investments but that are not available in
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| | commission. Considering the extra charges
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| your country, or only with difficulty.
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| | for each order at your local stock
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| And that's the reason for this article.
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| | exchange, it might even be cheaper if you
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| Several of my subscribers emailed me
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| | buy the stocks at a foreign stock
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| saying that they were interested in a
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| | exchange where volume is much higher.
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| stock but couldn't purchase it in their
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| | And that's exactly what you also do if
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| country. Now why is that?
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| | you find a good stock that you are eager
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| If you want to buy Microsoft or Wall Mart
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| | to get hold of, but can't buy it in your
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| stocks for instance, you will not
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| | country at all! You buy your stocks at a
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| experience any problems at most stock
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| | foreign exchange which in most cases will
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| exchanges let alone the USA. These two
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| | be the country of the stocks origin. This
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| stocks alone already have a trading
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| | will also involve higher charges because
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| volume of over 10 million + every day on
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| | you gonna have to do this via 2 brokers.
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| Wall Street. Even the regional stock
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| | So let's take the Canadian Loblaw again.
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| exchanges like Chicago or San Francisco
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| | If I would like to buy this stock, I'm
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| etc. have a high trading volume with
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| | gonna have to see my broker here in
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| Microsoft and Wall Mart. Buying and
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| | Germany who will then buy the stocks at
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| selling takes place within seconds.
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| | the stock exchange in Toronto which will
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| But although most foreign stocks are also
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| | involve several extra commissions and
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| found on the trading floors of New York
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| | charges. Because not only my broker will
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| and other international exchanges, there
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| | charge a commission but the broker in
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| are exceptions. Like the Canadian company
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| | Canada too. So I'll end up paying 2
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| Loblaw for example. You won't see Loblaw
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| | brokers who are involved in my
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| stocks anywhere in Frankfurt, which is
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| | transaction.
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| the largest stock exchange in Germany.
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| | So that's simply how it works. My broker
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| There's only a bit of volume at the
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| | will contact a broker in Canada who will
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| regional stock exchange in Berlin. On
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| | then make the purchase for me. And apart
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| average about 17 stocks per day. And
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| | from extra charges involved it will also
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| that's nothing!
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| | take longer before the transaction goes
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| The same is true for other big exchanges
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| | through.
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| too! You will not find every single stock
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| | But these extra commissions shouldn't be
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| in New York, London, Frankfurt, Sydney or
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| | overrated. If you find a great and solid
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| Hong Kong. It simply has to do with
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| | stock that you really want, then go for
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| supply and demand. If there's hardly any
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| | it and because if you're an investor and
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| demand for a stock in XYZ country - for
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| | not a trader, you are probably
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| whatever reason - you won't have the
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| | contemplating a long-term investment
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| necessary supply. So either the stock is
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| | anyway. And in the long run, commissions
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| not available in your country at all, or
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| | and other charges are negligible anyway.
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| only at very low volumes.
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| | At the end of the day it's only important
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| The difficulty with very low trading
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| | which stocks you buy and not the place
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| volumes is, that if you don't only want
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| | where you buy them!
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| to buy say 10 or 20 stocks, but maybe 500
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| |
|
