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Cheonmunka
Joined: 04 Jun 2004
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 Posted: Sat Dec 13, 2008 4:21 am Post subject: Entering the US Stockmarket from here |
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Can anyone tell the way to enter the US stockmarket from here, an easy system whereby I can use my bank account/online banking to purchase, rather than telex or bank check (cheque,) stuff like that?
Ie, how the heck do you do it? |
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tombirner
Joined: 19 Dec 2007
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| Posted: Sat Dec 13, 2008 7:26 am Post subject: |
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| I use sogotrade.com. I'm new to the investing thing, but no complaints so far. Only three dollars a trade. You can transfer funds from your bank account, but you have to fax a bank statement first. |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Sat Dec 13, 2008 7:43 am Post subject: |
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I just trade through my bank.
But the price/trade is horrendous at my bank. |
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crusher_of_heads
Joined: 23 Feb 2007
Location: kimbop and kimchi for kimberly!!!!
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| Posted: Sat Dec 13, 2008 9:55 am Post subject: |
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| Cool! Shin Ae was just too unreliable- 3 bucks a trade is a MGD tallboy! |
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Thedudeabides
Joined: 15 Jun 2008
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| Posted: Sun Dec 14, 2008 6:11 am Post subject: |
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If you're shopping for cheap trades, try zecco.com. Zero commissions on stock trades. If you're looking for a solid online brokerage with lots of resources go for tdameritrade.com or etrade. It's illegal to buy/sell stocks when you're not in america. That said, you'll need a mailing address in the states for the brokerage to send prospectus and acct statements. Although with most online sites, this paperwork can be received via email.
Now is a good time to buy in, everything is on sale. Just make sure it's cash that you're willing to put away for at least couple years. good luck! |
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Jati
Joined: 13 Dec 2008
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| Posted: Tue Dec 16, 2008 7:00 pm Post subject: Re: Entering the US Stockmarket from here |
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| Cheonmunka wrote: |
Can anyone tell the way to enter the US stockmarket from here, an easy system whereby I can use my bank account/online banking to purchase, rather than telex or bank check (cheque,) stuff like that?
Ie, how the heck do you do it? |
I live overseas and use Charles Schwab (www.schwab.com). You must enrol using a US-based address.
There is also www.sharebuilder.com
We have been discussing investing over in the General Asia forum, under a thread about how the recession is affecting those of us in Asia. It might be beneficial to check it out. |
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itaewonguy
Joined: 25 Mar 2003
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| Posted: Wed Dec 17, 2008 1:53 am Post subject: |
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| Thedudeabides wrote: |
If you're shopping for cheap trades, try zecco.com. Zero commissions on stock trades. If you're looking for a solid online brokerage with lots of resources go for tdameritrade.com or etrade. It's illegal to buy/sell stocks when you're not in america. That said, you'll need a mailing address in the states for the brokerage to send prospectus and acct statements. Although with most online sites, this paperwork can be received via email.
Now is a good time to buy in, everything is on sale. Just make sure it's cash that you're willing to put away for at least couple years. good luck! |
I use TDameritrade. I dont have an american address and its all good for me.
you do need to fund your account from your bank though basic wire transfer into their account .. not hard at all... takes a couple days to send all the documents they want and being approved .. |
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