I am interested in opening a Roth IRA account with a brokerage firm. I have tried to find a firm who will let me buy shares listed on international exchanges (Hong Kong, Singapore, Australia, London, Madrid, etc.) either through them or through another overseas firm, but where they are still held in my IRA. Can anyone point me in the direction of such a firm that offers to serve as an IRA custodian? Thanks.
2007-01-27 02:54:57 · 2 answers · asked by what? 6 in Business & Finance ➔ Personal Finance
I am interested more in securities than options.
2007-01-27 04:20:02 · update #1
There are many firms out there that has sells various kinds of investments, such as bonds, money markets, stocks, and mutual funds.
I prefer to mix my IRA portfolio with a mixture of mutual funds and US government bonds. I don't know your knowledge on mutual funds. Mutual funds invests in bunch of companies, whether in the US and/or foreign countries. You can usually pinpoint a mutual fund that invests in foreign countries when it says "International Fund" in the name. I don't know the best international fund out there since they perform just average in the market.
2007-01-30 16:03:14 · answer #1 · answered by Anonymous · 2⤊ 1⤋
Not positive, but check out www.interactivebrokers.com. I think they allow trading on international markets but I think you may be in for some high fees. That being the case, make sure you are investing enough (lower fee as % of investment) and expect enough return to offset them.
2007-01-27 11:01:26 · answer #2 · answered by JoePonzio 2 · 0⤊ 0⤋