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Foreign Investments
Old 07-20-2011, 05:39 PM   #1
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Foreign Investments

I've started looking into info on investing in foreign countries. It looks like the only way to do it is with a broker. I'm just looking for some basic info. One example is Panama with CD rates ,specifically with credit unions, that I can't "confirm" anywhere, of 7 to 8%. I've also found info stating you need to be a resident of Panama to invest. Anyone have some info on this? or actual rates of return? Brokerage fees? Risks? Any input? Thanks in advance.
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Old 07-20-2011, 08:51 PM   #2
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How about international mutual funds? No broker required if you like to DIY.
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Old 07-20-2011, 11:22 PM   #3
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Some brokerages allow direct trades on foreign exchanges. Check out EverBank.com for foreign currency CD's. I wouldn't touch any of that with a 10' pole unless I was going to be a full-time professional investor. Even doing my own taxes for foreign mutual funds is a PITA, and I'm trying to keep it simple.
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Old 07-21-2011, 09:40 AM   #4
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OK, that's a good start for me. I'll look into this stuff, thankyou!
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Old 07-21-2011, 09:43 AM   #5
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Fidelity will let you trade on some foreign exchanges in the local currency, but there are higher brokerage fees than with domestic exchanges, and also currency exchange fees. I have done it profitably a few times, but you do need to understand what you're doing.
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