Buying foreign bonds...

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Lifer
Dec 26, 2001
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Is there a specific process I must go through if I wished to buy some sort of stock in Chinese companies, or Chinese government bonds, etc?

Not just China, of course. I am looking at maybe some Swiss annuities, etc, for my taxable portfolio.
 
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Hector13

Golden Member
Apr 4, 2000
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you can buy many mutual funds that will invest in a specific country (I own the matthews china fund). Not sure if you will find a fund for switzerland only.

I would be careful about investing in single stocks/bonds in foreign countries. Beyond just the difficulty of researching these names (plus the troubles of buying single stocks in general), if you buy stocks/bonds domiciled in another country then you will have to deal with some currency exposure as well.
 
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Lifer
Dec 26, 2001
27,631
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Originally posted by: Hector13
you can buy many mutual funds that will invest in a specific country (I own the matthews china fund). Not sure if you will find a fund for switzerland only.

I would be careful about investing in single stocks/bonds in foreign countries. Beyond just the difficulty of researching these names (plus the troubles of buying single stocks in general), if you buy stocks/bonds domiciled in another country then you will have to deal with some currency exposure as well.
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I understand at least some of the risks involved with that. I was naming some Swiss funds because they operate on a different tax basis than do most foreign stocks/bonds. Unfortunately, for most investments I'd be looking at there, I'll have to save ~$50 grand, minimum.

Another thing I am looking at are ADR's. Only thing is that they tend to cover only the big companies - nothing that would be "overlooked", as it were, by large American investors.
 
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B00ne

Platinum Member
May 21, 2001
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shouldnt be a problem at all, I own US stocks and it never was a problem - dont even have a currency risk because all of my US stocks (except for one ) are listed in EUR as well.
 
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Lifer
Dec 26, 2001
27,631
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Originally posted by: B00ne
shouldnt be a problem at all, I own US stocks and it never was a problem - dont even have a currency risk because all of my US stocks (except for one ) are listed in EUR as well.
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How/with whom do you trade them?

For example, I have an Ameritrade account - can I buy shares of a foreign company through them, or would I have to open an account with a different broker?
 
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B00ne

Platinum Member
May 21, 2001
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I just do it through my bankaccount,I have a depot there and just place my orders through the internet, they do the actual buying, could call them too... but I assume internet is faSTER
 
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Orsorum

Lifer
Dec 26, 2001
27,631
5
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Originally posted by: B00ne
I just do it through my bankaccount,I have a depot there and just place my orders through the internet, they do the actual buying, could call them too... but I assume internet is faSTER
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If you don't mind my asking, who do you have a bank account with?
 
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B00ne

Platinum Member
May 21, 2001
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sry man I thaught u noticed, I am not located in the US, I am with Deutsche Bank, dunno if they exsist in the US. But any Bank should do this - I guess...
 
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Orsorum

Lifer
Dec 26, 2001
27,631
5
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Originally posted by: B00ne
sry man I thaught u noticed, I am not located in the US, I am with Deutsche Bank, dunno if they exsist in the US. But any Bank should do this - I guess...
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I did notice, but I'm not above opening an acct with a foreign bank. I have an acct. with a US bank that has a full-service brokerage dept., but I haven't yet contacted them to see the extent of their selection.
 
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freegeeks

Diamond Member
May 7, 2001
5,460
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I'm non US also and I also have an account that I can use tho buy shares on

CAC-40 (France)
FTSE-100 (UK)
BEL-20 (Belgium)
AEX (Holland)
ZSI (Switserland)
DAX (Germany)
Dow (USA)
Nasdaq (USA)

as an option I can also get the Nikkei

Just like BOOne I can buy them through internet or phone

I think it depends on the bank you are using, did you ask them???

edit: and just like someone already said I would stick with mutual funds when you go exotic
 
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Orsorum

Lifer
Dec 26, 2001
27,631
5
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I use Ameritrade for my taxable account, about to sign up with USAA for my IRA. Ameritrade "may be able" to do trades on foreign exchanges, but I need to talk to a broker. I do not know about USAA (yet).
 
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