foreign stocks (non-ADR) need help !

V

vladn

Hi All,

I want to get into few specific foreign stocks (mostly from Tokyo Stock Exchange but few european as well) that have no US ADRs. After some research I found only these two possibilities:
- buy "grey sheets" (other-OTC) for these
- pay Schwab $100 + 1.5% per transaction (rip-off IMHO even for long term)

Is there any other option ?
What is the structural risk in owning "grey sheets" of large cap foreign stock ?

There is suprisingly little info on "grey sheet" trading (how it is done, what do I own in the end, laws governing "grey sheet" trades, etc.).

Any help will be gretly appreciated !
 
If you want to diversify and trade Asia, there is another option: BOOM at www.boom.com.hk, a Hong Kong based online broker from which on can invest in several Asian market, including Japan. You take a currency risk as you will invest in the domestic money of the courntry you invest in, but you will enjoy the diversification and possibilities to invest in a vast range of countries. I use Boom for many years at I am satisfied of their services. I have no direct or indirect connection with them and no intesive to recommend them, but it was also a recommendation of Asia Business & Investment newsletter.
For Europe you can also invest online through Boursorama at www. boursorama.com.
By investing abroad you get a pretty nice diversification of your portfolio but do your own research
 
pmajoernt,
thanks, I'll check Boom, it may be just what I need

gr8stock,
IB does not offer individual Tokyo Stock Exchange stocks, only european ones
 
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