What is the best online brokerage platform for a non-US resident? Which respectable companies allow International accounts?
There are lots of good brokers cheap brokers available. I use interactive brokers, trade-king, etrade and have used Saxo in the past. The biggest thing to keep in mind though is that non-US residents holding US assets (including shares, ETFs or property) are liable to US estate tax (upto 40%).If you are a non-US resident you should try to hold stocks based outside the US. There are ETFs that trade US stocks that are domiciled outside the US.There is big exemption for US residents from estate tax (5.45 million) but only $60,000 for non-U.S. residents.It is nuts and it is amazing that this isn’t more widely known. It has nothing to do with whether the brokerage is based in the US or outside. It is about where the assets (i.e. the company that the shares are in) is domiciled. Although note, money on deposit in a US bank is not considered to be US “in situ” but money in a US brokerage is.IRS link: Some Nonresidents with U.S. Assets Must File Estate Tax ReturnsDeloitte: https://www2.deloitte.com/conten...Holding assets through a company (i.e. an entity that never dies) might be worth doing depending on your holding and whether you would be liable to capital gains tax on ‘disposing’ of the assets that go from you into the company.The only certainty is death and taxes.
Penny stocks for under 18?
All brokerage firms permit their clients to open a custodian account. Parents CAN NOT and do not open accounts for you, Because a parent opens a custodian account for you this does not give you the right to trade/invest in that account. The account, by Federal law, is for the parent and/or guardian to invest/trade your money Also penny stocks are not considered to be investment grade securities. Penny stocks ARE NOT for newbies. Only those with trading experience should consider trading in pennies since they understand the market, the risk and the problems associated with penny stocks. Those with securities experience will tell you that you are foolish to start in the market by using penny stocks and those that are in business will tell you not to do it. So with experienced investors/traders telling you not to do it, and those that are professional tell you not to do it, and even the Securities & Exchange will not recommend you do it, why do you think you can make any money. Based on the wording of your question, you have a lot more studying to do before you're ready to invest. Why don;t you try educating yourself about the markets before you spend $0.01 Start with - Investing for Dummies by Eric Tyson Then tryu some of these 24 Essential Lessons for Investment Success by William O’Neil Beating the Street by Peter Lynch Common Stocks, Uncommon Profits, by Philip A. Fisher From Riches to Rags, by I.C. Freeley How to Make Money in Stocks” by William O’Neil One Up on Wall Street by Peter Lynch Stocks for the Long Run, by Jeremy Siegel The Battle for Investment Survival, Gerald Loeb The Intelligent Investor, by Benjamin Graham The Lazy Person's Guide to Investing by Paul B. Farrell Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt. What Works on Wall Street by James O'Shaunessey You Can Be a Stock Market Genius by Joel Greenblatt Your Money and Your Brain by Jason Zweig
I started up penny stocks online through Sharebuilder and penny stock funds as well will I get rich?
Penny stocks have a huge return when they're doing good...even just a little bit. Let me tell you some of the ones I'm buying Lehman Aggressive Bond Fund I Shares, S&P 500 Index Spider, Kati Industries, and Sirius Sattelite Radio. I did the research on the groups. O.K. two are funds the other two are penny stocks. Anyway people who know about stocks are these good ones that I have right now, will I profit alot on these? Also, what are the sure fire penny stocks that you know that are guaranteed to blow up and make everybody rich who buys these penny stocks? Name me some... I'll go buy them! I'm talking about penny stocks that are going to become the next big companies holding the economy down in America like Walmart, Mc Donald's, Microsoft, Coca-Cola,etc. when they were penny stocks. I'm looking for those potential ones right now. I'm a risk taker so let me know some.
Best stockbroker for daytrading - From Sweden to the U.S?
The cheapest I know of, is Interactive Brokers. http://individuals.interactivebrokers.com/en/main.php You can access dozens of stock markets around the world, and american stocks are only half a cent per share ($1 min. per side). So if you buy a hundred shares (any price), you will pay just a dollar to buy, and a dollar to sell. Talk about cheap! You need ten thousand dollars (US$ 10,000) to open an account at interactive brokers, but you need a minimum $25,000 (twenty-five thousand) dollar account to day trade. More discount broker reviews: http://broker-reviews.us/ Many are very friendly to foreign citizens. Zecco, for instance. $4.65 to buy or sell. If you don't mind paying around $15 to buy and sell, perhaps you can try CFDs. IG Markets http://www.igmarkets.se/ operates in your country, so it should be easy to open an account with them, receive customer service, etc. You can access many markets around the world, including America. You will pay a commission of 2 cents per share, with a minimum of $15 to buy or sell. See their full charges at http://www.igmarkets.co.uk/cfd/no-hidden-charges.html (in English; sorry, couldn't find the appropriate page in Swedish) Hope this helps. Feel free to send a personal message if you need additional info.
How do people get rich from stocks?
Investing in stocks not only involves trading but also denotes that you're a part owner of the company along with others who invested like you.David Choe, the 35-year-old muralist who made an estimated $200 million in the Facebook IPO, is bothered by the hype surrounding his newfound money.David Choe, the artist who painted the Facebook Incorporation building in 2005, was not paid in cash. Instead, he was given stock and today the same stock is worth $200 million (roughly Rs. 1,279 crores).Tim Grittani – Penny Stock Millionaire at Age 24!Tim Grittani...........The story of Tim Grittani is a popular one - he started trading penny stocks with $1500 and today he’s worth over $4 million.He says Penny stock are the cheapest stocks in the market, generally under $5 or $1.He have been trading every single day for almost three years, and it's been a slow, day-to-day process.” He also added, "investors in penny stocks should be prepared for the possibility that they may lose their whole investment."At 24, Grittani has claimed to have almost $2.5 million after three years of investing in penny stocks. For those of you that are lost at this point, a penny stock is roughly defined by any stock that is worth less than a dollar. Usually, these stocks are attributed to smaller companies that are just getting started in the industry. Many beginner investors can spend hours trying to find the next Fortune 500 company. Most of them fail in the end. For Grittani though, he struck gold with only $1,500 in his pocket.His current net worth is about $2.7 million as of 2016. He achieved that through trading active penny stocks.Today, he is as a financial educator and has more than 2,000 students around the globe.Why investing in stocks can lead to good amount of money?
How can I buy penny stocks on Robinhood?
Don’t play around with penny stocks. I know they are appealing because they’re cheap, but you will ONLY lose, because there is no market for them.If you use Robinhood, you can buy stocks with zero trading fees. That means there is no reason not to buy single shares of GOOD companies — or better, exchange-traded funds (EFTs), which are like mutual funds, only they trade on the stock market.Seriously, put $100 into Robinhood and then buy a single share in five or six companies, or a couple of diff ETFs — AND THEN JUST WAIT!!!Every month, put in another $100, and buy more/diff shares, without worrying about day-to-day price changes. That’s FAR better than trying to be the Warren Buffet of the Pink Pages (where penny stocks are listed).Remember, Jordan Belfort (the Wolf of Wall Street) used penny stocks to rob from suckers. DON’T DO IT.
Can we trade US stocks living in another country?
When living in Ireland I was using US based trading broker and also my banks (AIB and Halifax) were offering option to trade US stocks. Once moved to Canada I was told that because of US-Canada agreements I need to use canadian broker to trade US stocks so I opened trading account with Questrade in Canada. My canadian bank also offers investing account allowing to trade US stocks.So you can trade US stocks from another country but not from all of them as some countries are black listed because of lack of cooperation with US financial institutions in matter of money laundring.You should contact any popular online US stock broker (just search online for one) and check with them if you live in a country that is not black listed.Then after transferring money to broker you will be able to start trading US stocks.There are also some off shore brokers where you can trade US stocks but its not always legal in all coutries - some countries allow only trading via own financial institutions, so you need to check your local laws too.
How can a foreigner invest in US stocks?
I answered this same question yesterday, Yes you can, and it is a good idea, many foreign investors use not only US markets, but US banks as well. It is easy to do, but there are precautions you should take. I specialized in international investors, less than 10% of the brokers in my firm could do so. The US broker is under restrictions you need to understand. You can probably find a broker in your country affiliated with a US firm, Merrill Lynch, UBS, TD Ameritrade, Morgan Stanley, Schwab and on and on. You can contact a US broker, check with friends whom you trust, that trade in the US. A US broker will know US markets better, than one overseas. Just as I traded in Hong Kong, but lacked local knowledge. Your US broker is restricted in soliciting foreign accounts. This is to protect your local investment firms. But you contact them, hence getting a referral. If you know someone in the US, have them get a broker to call you. You may need to send your broker an e-mail, “call me”. Depending on your country, many places say the contact has to be intiated by the investor, not the broker. Make sure you can access confirms and statements on line. Do not use mail if you are in a place prone to ransom/kidnapping. Getting a statement from UBS in Mexico may identify you as someone with money.US markets are highly regulated, very open, and open to you. The opportunity is there. Unless you are in a short list of prohibited countries, such as Cuba, Iraq, etc.
Can I buy penny stock listed on the NYSE or NASDAQ if I am Indian and live in India? Can I and should I purchase stock in the London Stock Exchange or Hong Kong Stock Exchange?
Hi,How can an Indian investor invest in foreign stocks?As Resident of India you are allowed to Invest in International markets, we have some Indices on NSE like Dow Jones and S&P 500. This is the safest and the best way to trade foreign stocks or indices.There are a couple of banks who also run brokerages who offer overseas trading account for you to invest into international stocks (note that presently these platforms let you trade mostly stocks listed on the US stock exchanges). But this is not advisable simply because I presume the cost of opening an account will be high and the paperwork will be humongous. If you really want to trade foreign stocks, it's best for you to go abroad, live there for a while and then get yourself an account opened with a local broker there. This will get you in the right way and you'll be able to participate like a local would.Hope it helped :)
Why would a good stock drop $3.00 in one day?
Why would a good stock drop $3.00 in one day? What do you tell your client if the market drops again tomorrow and his stock drops with it? Are some people emotionally unsuited to handle the stresses of the ups and downs of the stock market? Should such people stay out of the stock market? If so, what are their investments alternatives?