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<< Greetings fellow fools

I'm new here, have never invested before and am just considering the best way to approach it. I'm attracted to the long-term buy and hold idea, which seems eminently sensible, and also to the idea of an Index Fund.

Here are a few real newbie questions I can't find help with on the FAQ. I live in Orstrayleea (that's "Down Under" for those of you who don't spell phonetically).

1. Can non-US citizens invest in the US stock market? (This is just to satisfy my idle curiousity.)

2. Is it true that the same basic rules apply to all markets? That is, assuming I invest in the Australian stock market, do markets behave in the same cyclic fashion regardless of where they live?

3. Does anyone know of Australian Index funds they can point me at?

Thanks for your help.

Adelaide, Australia >>

Good Morning Fergus and a A Foolish Welcome to You!

At least it is morning here. I suspect that you are still cutting some z's.

You will have to be persistant but yes, you probably can open an a US based brokerages account. I understand that there are a few online brokerages that will accept off-shore accounts. I don't know any names.

As far as exchanges go I suspect that the basic rules are similiar but the truth is I don't know. I would be surprised if the Aussie market was not cyclical. But it would likly be be driven by somewhat varying conditions. Clearly you guys are more affected by Asian circumstances than we are here.

I'm unaware of any Aussie or mostly Aussie indices but there may be some locally as index funds are becoming more and more popular. There is a "country basket" of stocks called a WEB the trades on the American Stock Exchange. The Australian WEB trades under the symbol EWA. See for more on Webs and the S&P indices generally. Here are some other index related links that may interest you.
There is an Australia board here.

All The Foolish Best!
Peter Lincoln

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