The Motley Fool Discussion Boards

Previous Page

Learning to Invest / Intermediate/Advanced Investment

URL:  https://boards.fool.com/cheap-trading-of-foreign-stocks-28405802.aspx

Subject:  Cheap trading of foreign stocks Date:  3/30/2010  2:21 AM
Author:  Laustcozz Number:  52 of 80

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!
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us