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Foriegn markets

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jago25_98
jago25_98 Posts: 623 Forumite
in Savings & investments
The way I like to invest is, when I see something good I like to invest in it.

Thing is, most companies these days (due to tax) are offshore listed on foriegn markets like:

- Hong Kong
- Germany
- USA

How do I invest in companies listed on those exchanges?

Yes, I know Motley Fool offer a premium forum for this. Guess I'll resort to paying if I can't find out elsewhere first.
Order of events: Banks lose our money -> get bailed out -> were inflating GBP to cover it -> now taxing us -> next will grab your funds direct -> things get really desperate to balance the books. What should have happened?: banks go bust and we lost our money much quicker

Comments

  • cloud_dog
    cloud_dog Posts: 6,322 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    You can either go down the collective investment vehicle route (UT's, OIEC's IT's, etc - probably not what you are looking for), or open a dealing account with a broker who deals in foreign markets - there's a lot of them about (Squaregain, Barclays, TD Waterhouse, etc, etc).

    cloud_dog
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • Chrismaths
    Chrismaths Posts: 931 Forumite
    Try http://www.interactivebrokers.co.uk/en/main.php if you know what you are doing investing in foreign companies. Bear in mind you need a W8 for investing in US companies.
    I'm an Investment Manager. Any comments I make on this board should be not be construed as advice, and are for general information purposes only.
  • Bazn
    Bazn Posts: 183 Forumite
    wow interactive brokers looks great.... complex tho....

    also it says its commission is only £6 for uk shares... so why is hoodless brennan's £7 always cited as the chepaest?
  • Chrismaths
    Chrismaths Posts: 931 Forumite
    Because I know more than :money: about investment!
    I'm an Investment Manager. Any comments I make on this board should be not be construed as advice, and are for general information purposes only.
  • jago25_98
    jago25_98 Posts: 623 Forumite
    Thanks,
    interactivebrokers does seem fantastic! They also have the best coverage I've seen.

    But what if I see an ad in the paper for a premium rate number helpline (this is hypothetical), with a company number, I trace that number to the Dominican Republic. It's an offshore listed company, what do I do then?

    Thanks for your help my friend, I've thanks your post it will no doubt save me money
    Order of events: Banks lose our money -> get bailed out -> were inflating GBP to cover it -> now taxing us -> next will grab your funds direct -> things get really desperate to balance the books. What should have happened?: banks go bust and we lost our money much quicker
  • jago25_98
    jago25_98 Posts: 623 Forumite
    I can't see which is the best way to fund the deposit from cash UK bank GBP. How did you choose to fund your purchases?

    http://www.interactivebrokers.com/en/accounts/depositInstructions.php?ib_entity=uk

    Perhaps this was cheap and an easier decision for you because you already held stock that could be transferred, or perhaps had a USD acccount, possibly even federal?
    Order of events: Banks lose our money -> get bailed out -> were inflating GBP to cover it -> now taxing us -> next will grab your funds direct -> things get really desperate to balance the books. What should have happened?: banks go bust and we lost our money much quicker
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    AFAIK IB is very trading orientated.

    If you are a a bit more laid back, these two might be worth checking:

    http://www.etrade.co.uk
    http://www.tdwaterhouse.co.uk
    Trying to keep it simple...;)
  • Chrismaths
    Chrismaths Posts: 931 Forumite
    You can fund them via BACS, although it can take some time to clear. Give them a call if you have questions.
    I'm an Investment Manager. Any comments I make on this board should be not be construed as advice, and are for general information purposes only.
  • jago25_98
    jago25_98 Posts: 623 Forumite
    It looks like they'll only let me trade bundled UK stock; kind of defeats the point of choosing them. I need the best cover I can find
    Order of events: Banks lose our money -> get bailed out -> were inflating GBP to cover it -> now taxing us -> next will grab your funds direct -> things get really desperate to balance the books. What should have happened?: banks go bust and we lost our money much quicker
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