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Re: Buying into foreign currency.
Old 09-18-2006, 06:15 PM   #21
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Re: Buying into foreign currency.

Quote:
Originally Posted by brewer12345
Heh, I doubt you will find it worth it to buy non-US equities directly through Schwab.*
I don't doubt it. But I have a tendency to bang my head against walls to see if the wall is empty. I started checking it out because I got interested in Singapore and HK REITs. They are too new for ADRs and there isn't a good CEF that captures them.
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Re: Buying into foreign currency.
Old 09-18-2006, 06:46 PM   #22
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Re: Buying into foreign currency.

Hi mike,
Quote:
Originally Posted by mikew
I don't doubt it. But I have a tendency to bang my head against walls to see if the wall is empty. I started checking it out because I got interested in Singapore and HK REITs. They are too new for ADRs and there isn't a good CEF that captures them.
You can do internet trading on the HK exchange through Nikko Cordial. Haven't done it myself (yet -- maybe some day), but the commissions and exchange spreads don't look too bad.
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Re: Buying into foreign currency.
Old 09-19-2006, 05:08 PM   #23
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Re: Buying into foreign currency.

Hi Bpp

Thanks for the info. I thought they only traded in China. I may have to open a Japanese language account. Something I have been trying to avoid.

Mike
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Re: Buying into foreign currency.
Old 09-19-2006, 08:53 PM   #24
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Re: Buying into foreign currency.

Hi Mike,

Oops, looks like the HK REITs (I checked for Champion, GZI, Link and Prosperity) are not available through Nikko Cordial's online trading system. Sorry for the bum steer.

Now, they will also let you do broker-assisted trades on foreign exchanges (as will Nomura), so you might be able to get access to more listings that way, though the cost of going that route was pretty high last I checked (something like 7,000 yen commission).

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Re: Buying into foreign currency.
Old 02-24-2007, 02:58 PM   #25
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Re: Buying into foreign currency.

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Originally Posted by brewer12345
I bet if you are a private bank client with $5+MM in assets with your international banker, no problem. Never seen them offered at Schwab, and I don't know of a market-based offering.
Hi, I stumbled onto this board because I've been researching asset allocation ALL DAY! Have you heard anything about EverBank? The online site is at www dot everbank dot com. Click on the Currency CDs tab - you can invest in CDs in a number of foreign currencies. The yield on Icelandic kronas is currently over 13%. This is not something I have done, but I have been thinking about it.

I have a couple of closed-end funds - TEI and FAX - for my international bond exposure, but I will check out that GIM. I have also owned an open-end fund, PSAFX, which is a hedge against the US dollar.

Hope this helps,
~Trillian
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Re: Buying into foreign currency.
Old 02-24-2007, 03:38 PM   #26
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Re: Buying into foreign currency.

GIM now trades at a premium to NAV. I think BEGBX is a better choice until GIM goes back to a discount.
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Re: Buying into foreign currency.
Old 02-24-2007, 03:44 PM   #27
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Re: Buying into foreign currency.

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the huge current Fed. deficit ... eventual US monetary colapse.
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Re: Buying into foreign currency.
Old 02-24-2007, 08:15 PM   #28
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Re: Buying into foreign currency.

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Originally Posted by brewer12345
GIM now trades at a premium to NAV. I think BEGBX is a better choice until GIM goes back to a discount.
Can you please remind me why you aren't so enamored of LSGLX ?

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Re: Buying into foreign currency.
Old 02-24-2007, 08:19 PM   #29
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Re: Buying into foreign currency.

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Originally Posted by RustyShackleford
Can you please remind me why you aren't so enamored of LSGLX ?

Mostly that it is more expensive than BEGBX or GIM.
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Re: Buying into foreign currency.
Old 02-24-2007, 10:39 PM   #30
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Re: Buying into foreign currency.

Quote from: RustyShackleford on Today at 09:15:33 PM
Can you please remind me why you aren't so enamored of LSGLX ?

Quote:
Originally Posted by brewer12345
Mostly that it is more expensive than BEGBX or GIM.
IT's true that BEGBX has a .82 expense ratio, while LSGLX currently has a 1.00 expense ratio.

However, there are institutional shares of LSGLX available (LSGBX) which have a .74 expense ratio. Minimum purchase is 100k.

Winnie
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