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If a stock the trades on the london stock exchange but
- Thread starter gimp570
- Start date
You'll probably want to stay away from the GBP stock since it's probably taxable (UK stamp duty) through IB.
Whether to trade the EUR or USD stock would probably depend on which hours you want to trade. Are you based in Europe or US-based? Do you have charts for either one? Do you care?
If you are a US resident, it's probably better to stay with USD stocks. They're traded on US exchanges during US daytime hours and charting/data is generally available & very cheap/free.
Data/charting for non-US stocks costs more, is difficult to get & commississions are generally higher as well on foreign-listed securities.
It all matters in order to reach a proper decision.
BTW, some stocks are truly "multinational" in their trading. Some stocks trade heavily in different parts of the world. Australia's BHP for example trades in London, NYSE, AU, So. Africa and maybe some other exchanges.
Some other "International" stocks may be listed in 3-4 different world exchanges but trade primarily in 1 exchange and sometimes 100-200 shares in the other exchanges. So, try to always go where a stock's primary market is.
Whether to trade the EUR or USD stock would probably depend on which hours you want to trade. Are you based in Europe or US-based? Do you have charts for either one? Do you care?
If you are a US resident, it's probably better to stay with USD stocks. They're traded on US exchanges during US daytime hours and charting/data is generally available & very cheap/free.
Data/charting for non-US stocks costs more, is difficult to get & commississions are generally higher as well on foreign-listed securities.
It all matters in order to reach a proper decision.
BTW, some stocks are truly "multinational" in their trading. Some stocks trade heavily in different parts of the world. Australia's BHP for example trades in London, NYSE, AU, So. Africa and maybe some other exchanges.
Some other "International" stocks may be listed in 3-4 different world exchanges but trade primarily in 1 exchange and sometimes 100-200 shares in the other exchanges. So, try to always go where a stock's primary market is.
I would use a limit order to buy TPOU since it's USD and I believe IB will then charge you the same commish as if it were a US product order.
This is a very very thin stock. I stay away from these things but again, with a limit order it's probably ok. That way you find out the nuances with regard to commission & taxes.
Good Luck!
This is a very very thin stock. I stay away from these things but again, with a limit order it's probably ok. That way you find out the nuances with regard to commission & taxes.
Good Luck!
Loeb's fund traded at a big discount to asset levels in 2009.
http://www.thirdpointpublic.com/default.asp?
-14.8% to NAV on april 21st
http://www.thirdpointpublic.com/default.asp?
-14.8% to NAV on april 21st
Quote from psytrade:
Loeb's fund traded at a big discount to asset levels in 2009.
http://www.thirdpointpublic.com/default.asp?
-14.8% to NAV on april 21st
is this the best way to buy into loebs fund? Or is there another way that i am unaware of??
thanks
z
It looks like ETF's are exempt from stamp duty and regular investment trusts/CEF transactions need to pay..
http://www.fool.co.uk/isas/information/investment-trusts.aspx
http://www.fool.co.uk/Your-Money/guides/Investment-Trusts.aspx
Again, just try 100 share limit order on IB & you'll get a good idea.
http://www.fool.co.uk/isas/information/investment-trusts.aspx
http://www.fool.co.uk/Your-Money/guides/Investment-Trusts.aspx
Again, just try 100 share limit order on IB & you'll get a good idea.