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January 13, 2013 – Comments (7)

Well after putting it off for a while, I have officially applied for a global trading account from my broker.  I plan in easing into buying stocks on foreign exchanges, starting with Canada and the Toronto exchange first (I already have a potential candidate...more on that later).  I figure that there will be a much smaller learning curve for investing with our northern neighbors than there would be say in investing directly in a non-English speaking country.   From there I may branch out to other English-speaking countries, such as the UK and and Australia.

I just need to make sure that's can get adequate news and information on any foreign stocks that I choose to buy.  Yahoo! Finance Canada seems like a good starting place for the Canadian stocks.  I started playing around with it yesterday.

Does anyone out there have any good sources for information on foreign companies.  I figure that Google Alerts would work fairly well too.

As I said, I am not going to jump into this with two feet, but rather very slowly.  There's still plenty of U.S. listed stocks that I'm interested in.  I just figured why not expand the universe of stocks that I can potentially invest in.  I liken it to dating.  There no reason to date only women for your town.  Dating ones from several other towns doubles or triples to pool of potential mates ;).

I know that some of two foreign stocks that I have considered buying trade OTC here in the States, but I'd rather buy them on their home exchanges when possible. 

I just mailed in the application today.  We'll see how long it takes.  I have to wonder why one even has to mail in anything in today's digital age.  I would think that there should be some way to just apply on-line.  I already have six accounts with this broker already.

I'll post an update when things are ready to go.

Deej

7 Comments – Post Your Own

#1) On January 13, 2013 at 7:32 PM, portefeuille (99.60) wrote:

When you reach Germany, Switzerland, Norway, France and Belgium you might want to consider buying a few

MOR:GY, BION:SW, ALGETA:NO, AB:FP or GLPG:BB

shares. Some of them might, of course, be unavailable by then ...

More ideas, as usual, here ->

http://caps.fool.com/Blogs/fund-trades/785657.
http://twitter.com/portefeuillefun.

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#2) On January 14, 2013 at 2:09 AM, portefeuille (99.60) wrote:

You might want to start with a few Spanish lessons as Mexico (EWW), Chile (ECH), Colombia (GXG) ... might be better choices than Canada (EWC), Australia (EWA) and UK (EWU) :)



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#3) On January 14, 2013 at 2:39 AM, portefeuille (99.60) wrote:

now to your favourite topic. auto sales ;)

You should also consider buying a few Volkswagen preferred, Volkswagen common or Porsche preferred shares (I think Porsche shares will do best "eventually" and you could count them as a "special situation" shares ;)). My prediction. Volkswagen will sell more autos than GM and more autos than Toyota in 2013, in 2014 and in 2015. And probably in quite a few years beyond that :)

 

Volkswagen Sees Tougher Competition After Record 2012 Sales

 

Volkswagen preferred vs. Porsche (green) and Ford (blue) in German trading.



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#4) On January 14, 2013 at 2:42 AM, portefeuille (99.60) wrote:

#3 You can just buy them in the U.S., many consider German a difficult language ;)

http://caps.fool.com/Ticker/POAHY.aspx
http://caps.fool.com/Ticker/VLKPY.aspx
http://caps.fool.com/Ticker/VLKAY.aspx

done :)

 

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#5) On January 14, 2013 at 1:16 PM, instaboxx (34.11) wrote:

You might want to take a look at BNN.ca for Canada.  It's the Business News Network and is similar to Bloomberg or CNBC.

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#6) On January 14, 2013 at 1:53 PM, Mega (99.96) wrote:

I use ft.com to research international stocks, especially the stock screener: http://markets.ft.com/screener/customScreen.asp

I like the Australian market, but keep in mind it's leveraged to China and the AUD seems expensive. The SGD, KRW and HKD seem more fairly priced.

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#7) On January 14, 2013 at 3:48 PM, busterjde (69.48) wrote:

If you can find Hyundai on the Korean exchange, I'd pick them over any German automaker. 

 

 

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