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last goodbye
Joined: 13 Aug 2006
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 Posted: Mon Nov 25, 2013 6:21 pm Post subject: Direct stock investing |
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Does anyone know a way to invest directly in overseas stocks, especially the NYSE.... I asked about an investing account at KEB- they said go to a broker.... but I prefer to do it myself
I'm from Canada, but can't set up an account in Canada unless I go.... and I'm not join anytime soon.... |
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KimchiNinja
Joined: 01 May 2012
Location: Gangnam
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| Posted: Tue Nov 26, 2013 4:51 pm Post subject: |
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| Do you still have a bank account in Canada? Can't you just log onto Scottrade or whatever and link your online trading account to your bank account and start making trades? |
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last goodbye
Joined: 13 Aug 2006
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| Posted: Tue Nov 26, 2013 5:10 pm Post subject: |
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| I don't have a bank account in Canada anymore, only a KOrean one... So I am looking for something here-- also, if I do it here, I don't have to pay capital gains in Canada... |
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KimchiNinja
Joined: 01 May 2012
Location: Gangnam
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| Posted: Tue Nov 26, 2013 5:54 pm Post subject: |
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Right, cap gains blow.
My friend recommended www.kiwoom.com and www.etrade.co.kr but haven't got around to setting up an accout and dunno if those sites have an English language option. I'm guessing it will allow purchasing US equities, in KRW, but not sure how it all works yet... |
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young_clinton
Joined: 09 Sep 2009
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| Posted: Tue Nov 26, 2013 9:09 pm Post subject: |
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| I didn't know it was possible for a non-American to buy stocks on the NY Stock exchange or Nasdaq. |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Tue Nov 26, 2013 9:16 pm Post subject: |
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| young_clinton wrote: |
| I didn't know it was possible for a non-American to buy stocks on the NY Stock exchange or Nasdaq. |
Two of the freest and easiest exchanges to get into anywhere in the world. And they are intended that way. That's why for many of the heavier traded stocks, you can sell/buy within a few seconds (that's if your order is near the indicated price point). The volume is just massive. |
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I'm With You
Joined: 01 Sep 2011
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| Posted: Wed Nov 27, 2013 2:07 am Post subject: |
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I'm not Canadian, but I suggest that you have a look at Canadian Andrew Hallam's website and his book, Millionaire Teacher. He's an expat Canadian English teacher in Singapore and has really put a lot of thought into investing, particularly as a non-resident Canadian. His portfolio is worth over 2 Million dollar, apparently, or close to it.
I've read his book and monitor his website. There are many posts on his website from Candian, American, Australian and British expats teaching in Korea, Japan, Hong Kong, China, Taiwan, etc. and you stand to learn about your options if you spend some tim reading his site.
You will find that many are in your situation. |
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last goodbye
Joined: 13 Aug 2006
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| Posted: Sun Dec 01, 2013 2:09 am Post subject: |
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Thanks for the replies....
I tried those websites... they were both in Korean...
I will try Millionaire Teacher... and also, I think there are probably discount brokers around Seoul... |
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World Traveler
Joined: 29 May 2009
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