UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: Laustcozz Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 62  
Subject: Cheap trading of foreign stocks Date: 3/30/2010 2:21 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I hate asking such a simple question on a board...but i can't seem to find a satisfactory answer anywhere!

Question Is:

How can I buy a stock listed on a foreign exchange for a reasonable price?

The specific company that I want to buy is Lynas, which is listed on the ASX for ~$.50 per share. I want to buy about $500 worth (I'd like to buy a few million shares but I have pretty limited resources). So is there anyway that i can buy true shares on the ASX without losing 20-40% of my $500 to brokers fees?

I know I can buy pink sheets...but those trade extremely low volume, and the whole OTC market kind of frightens me.

Thank you for your time in advance!
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Post of the Day:
Value Hounds

Why is Everyone Still Earnings-Obsessed?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement