Best Way to Buy Foreign Stocks?

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Number of messages in the thread: 13

11. Date: 2008-12-01 14:10:58
Subject: Re: Best Way to Buy Foreign Stocks?
From: "Lubow" <l...@l...com> Search message by this author

"Ben Sharvy" <s...@h...com> wrote in message
news:1141345b-6e99-4374-9b21-41dfdbdc0ef6@l33g2000pr
i.googlegroups.com...
> Many foreign stocks also trade in the Pink Sheets, even though they
> trade on major foreign exchanges. Some famous examples are Nestle and
> Roche. If Americans want to trade it, it's generally available somehow.

Not only that, but in some cases the ADR sells for less than the originating
stock. Apparently, it seems Mr. Dubya feels the custodian bank holding the ADR
is ripping him off when dividends are paid.

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12. Date: 2008-12-02 02:17:26
Subject: Re: Best Way to Buy Foreign Stocks?
From: Dr Tormento <r...@t...com> Search message by this author

"W" <p...@s...com> wrote in
news:6bidncQwINhz4K7UnZ2dnUVZ_qPinZ2d@giganews.com:

>
> In the Interactive Brokers implementation of this idea, do you see
> each of the cash holdings in different currencies as a separate money
> market fund accounts

There are no money market funds at Interactive Brokers. They pay no
interest at all on the first $10,000 of idle cash.. Also be aware that
commissions for overseas trades are several dollars higher than for
domestic trades.

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13. Date: 2008-12-02 13:44:37
Subject: Re: Best Way to Buy Foreign Stocks?
From: "Lubow" <l...@l...com> Search message by this author

"Dr Tormento" <r...@t...com> wrote in message
news:Xns9B67BA0E77306rforschrcncom@69.16.185.250...

>
> There are no money market funds at Interactive Brokers. They pay no
> interest at all on the first $10,000 of idle cash.. Also be aware that
> commissions for overseas trades are several dollars higher than for
> domestic trades.

But...

Those commissions for trades on a foreign exchanges are about the same as
commissions other brokers charge for a US trade.