What is the best, secured and cheapest way to invest on foreign stocks overseas (Europe, Asia, ...etc)?

Question

I need to know the best and cheapest broker websites ..or any other means ...?

Answer 1

E*Trade.

Answer 2

Don't invest directly in foreign stocks. Invest in top-rated mutual funds that invest in foreign markets. Do not use a broker that sells load funds, or commission-based products. Find a good fee-based financial adviser who can help you. You can use a low-cost brokerage account like Charles Schwab, where you can buy any no-load product. Your adviser will pick the best funds based on your tolerance for risk ( a good adviser should give you a questionaire to fill out that describes your financial goals and feelings about risk). You do have to pay the adviser, but generally the fee is one percent or less per year of your portfolio's worth, and the more he or she makes you, the more he or she will make. That's far better than paying 5% commissions (or more).

If you put a thousand into a load fund with a 5% charge, you're investing only $950, and you need a return of 10% the first year to be $45 ahead. The fee-based adviser needs a return of just 6% to get to $1060, and after his 1% fee, you're actually a few dollars ahead. Assuming both brokers get you the same rate of return over the life of the investment, the fee broker will actually make more money for himself than the commission broker on that $1000 investment, but you'll still end up with more, because of that original $50 commission that did not go to work for you.