Foreign Investments

[freedom42]

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.

 

[easysurfer]

How about international mutual funds? No broker required if you like to DIY.

 

[Animorph]

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.

 

[freedom42]

OK, that's a good start for me. I'll look into this stuff, thankyou!

 

[braumeister]

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.