SHAREs - Buying in on the NASDAQ ?

stylus360

IDontHaveAUserName wrote: »

Degiro ... far better than IG, and since you won't day trade, yes ... far better

Wish i had seen that earlier.

I'm with ii now and have purchased, looks like it's £9.99 month (from June)!!!!

X-O is totally free as i am aware!!!

Not sure what to do know tbh...

Will see if i can figure out Degiro tonight when i am home, hopefully i can transfer shares to them for free and there is a lower/free fee just to hold/secure them.

Thanks

ColdIron

stylus360 wrote: »

X-O is totally free as i am aware!!!

Totally free?
http://www.x-o.co.uk/our_charges.htm

stylus360

ColdIron wrote: »

Totally free?
http://www.x-o.co.uk/our_charges.htm

Obviously not to make a trade but for them ho hold/secure your shares as i did mention.

stphnstevey

stylus360 wrote: »

Obviously not to make a trade but for them ho hold/secure your shares as i did mention.

Look at Interactive Brokers also, only $1 trade NASDAQ shares and great FX, £6 UK shares of less than £50k, beware inactivity fee if less than $100k or equivalent

Degiro loan your shares causing counter party risk unless you use custody account, which you pay for through dividend charges and can be costly for large distribution portfolios, although few NASDAQ shares pay dividends

A_T

IDontHaveAUserName wrote: »

Degiro ... far better than IG, and since you won't day trade, yes ... far better

no FSCS protection

LobsterMemory

Errr.... about half the NASDAQ pay dividends

bowlhead99

LobsterMemory wrote: »

Errr.... about half the NASDAQ pay dividends

Sure, but whether it's just marketing or a terrible cliche, Nasdaq has the reputation of being a home of fast growing high tech companies, compared to NYSE. It's home to companies that have 'only' been around since the 70s rather than the 1800s; firms like being associated with other new high tech 'high flyers' which makes it attractive as a listing venue for growth-oriented companies as well as being a cheaper venue to list a valuable business.

So, if someone like our OP mentions they want to start investing in Nasdaq shares specifically (rather than just generally non-UK shares, or North American shares in particular), they must have some companies in mind, and just based on popular large cap stocks in that exchange that we've all heard of, it might be assumed that they one or more of them might be something like Amazon or Google or Facebook, Tesla, Netflix etc; none of whom pay dividends. And so the comment about dividend reinvestment costs being less relevant for the stocks which the OP could have in mind, is pertinent.

You are right of course that not all NASDAQ companies are stingy with dividends. Microsoft and Intel have been around the block a few times by now and pay perfectly reasonable amounts. And likewise there are companies on the NYSE which deliberately don't pay dividends, like Berkshire Hathaway or Alibaba. However, when you take a quick glance at popular shares on both exchanges, you see that many of the big ones of the NYSE that you've heard about will pay regular divs (Exxon, Johnson & Johnson, Pfizer, Walmart, IBM, etc), while many on the Nasdaq pay zero (examples above)

stylus360

Thanks guys, looks like i'm stuck with ii then..

I only hold about $20k in Pharma Companies with potential with Cannabis industry.

I just wanted to diversify from my main Portfolio of UK shares, property, Crypto (by FAR my best investment!!)

So it looks like i'm stuck with the monthly charge as they have done away with the quarterly payment which worked out cheaper.

I will not be trading them, it's a long hold........

I do day trade Crypto and have done since 2013, so i know the markets.

How can X-O have zero fee's to hold/secure your shares but all others that deal in the USA charge?

Was good to learn about purchasing, tax implications with regards the IRS/HMRC, that 8BEN form was essential!

I used to do my tax returns online myself but pay an accountant know as it's more cost effective with work income/rent/shares etc as a sole trader..

Cheers

Thrugelmir

stylus360 wrote: »

How can X-O have zero fee's to hold/secure your shares but all others that deal in the USA charge?

Low cost business model. Such as no marketing/advertising spend. Have grown organically by word of mouth and reputation.

stphnstevey

stylus360 wrote: »

Thanks guys, looks like i'm stuck with ii then..

I only hold about $20k in Pharma Companies with potential with Cannabis industry.

I just wanted to diversify from my main Portfolio of UK shares, property, Crypto (by FAR my best investment!!)

So it looks like i'm stuck with the monthly charge as they have done away with the quarterly payment which worked out cheaper.

I will not be trading them, it's a long hold........

I do day trade Crypto and have done since 2013, so i know the markets.

How can X-O have zero fee's to hold/secure your shares but all others that deal in the USA charge?

Was good to learn about purchasing, tax implications with regards the IRS/HMRC, that 8BEN form was essential!

I used to do my tax returns online myself but pay an accountant know as it's more cost effective with work income/rent/shares etc as a sole trader..

Cheers

When I called XO they said they dont hold the shares directly, but it was through a CDI

https://forums.moneysavingexpert.com/discussion/5967328/trading-usa-shares-with-xo-co-uk