Trading International Shares
- Thread starter alexlee
- Start date
Hi Alex,
Might not be able to help you with you query as i am myself with Comsec.
However i have been interested in doing this myself over past few days. I have been thinhking about a few points:
1: Can i do a margin loan against the US shares?
2: Do i pay tax on dividends and CG in Australia or do i do US tax return?
Anybody has idea about these? I guess if i can't do a margin loan against these then it may be better to go for an International Index fund like Vanguard...
thanks-
Might not be able to help you with you query as i am myself with Comsec.
However i have been interested in doing this myself over past few days. I have been thinhking about a few points:
1: Can i do a margin loan against the US shares?
2: Do i pay tax on dividends and CG in Australia or do i do US tax return?
Anybody has idea about these? I guess if i can't do a margin loan against these then it may be better to go for an International Index fund like Vanguard...
thanks-
You definitely have to pay tax on divs and CG in Australia if you're an Australian tax resident (as foreign-sourced income). I would THINK you don't have to do an American tax return (since you're not required to have a Social Security number to buy US stocks).
Do you know if there are international index funds that DON'T hedge FX? The main reason I'm looking at this is to get some long USD exposure.
Alex
HI there
you may like to look at the Commsec site because I know it is possible to purchase overseas shares - the commissions are slightly higher than the domestic rates but it is doable.
E trade has various international trading options - but each has its own website see
https://us.etrade.com/e/t/home
thanks
you may like to look at the Commsec site because I know it is possible to purchase overseas shares - the commissions are slightly higher than the domestic rates but it is doable.
E trade has various international trading options - but each has its own website see
https://us.etrade.com/e/t/home
thanks
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Alex,
Have a look at Vanguard's site:
http://vanguard.com.au/Personal_Investors/Our_products/Investment_funds/index.aspx
It has both Hedged and Unhedged options and North America occupies more then half of the funds allocation.
With these funds it is also possible to do margin lend. Is it possible to do margin lend against say Intel shares if i buy through Comsec?
thanks-
Have a look at Vanguard's site:
http://vanguard.com.au/Personal_Investors/Our_products/Investment_funds/index.aspx
It has both Hedged and Unhedged options and North America occupies more then half of the funds allocation.
With these funds it is also possible to do margin lend. Is it possible to do margin lend against say Intel shares if i buy through Comsec?
thanks-
Sonray have a good platform and specialise in the US markets ie their desk is manned whenever the US markets are open. You can trade both shares and CFDs and I think you can link an optionsXpress account.
You don't have the benefit of T+3, ie you must have the funds in the account before you can buy but you get margin value on long positions without holding a separate margin account.
I only pay $10 on an ASX share trade but I doubt that is available without the introducing organization I had, but they are still quite cheap.
Both Commsec and ETrade get overwhelmed on busy days. Sonray seem to be able to handle the traffic.
ps BHP looks like opening another 60c up today. What a share!
You don't have the benefit of T+3, ie you must have the funds in the account before you can buy but you get margin value on long positions without holding a separate margin account.
I only pay $10 on an ASX share trade but I doubt that is available without the introducing organization I had, but they are still quite cheap.
Both Commsec and ETrade get overwhelmed on busy days. Sonray seem to be able to handle the traffic.
ps BHP looks like opening another 60c up today. What a share!
The Share trading arm of HSBC was sold to E trade last year-- so it's all E trade now-- The jockeys on the phones are with a cupla exceptions are a bit dim- if you have questions- and E trade had frustrating glitches when it took over the HSBC clients--E trade had said they were going to offer o/S market access but as you discovered have not done so- as Sonray says Comm sec is pricey so his recommend looks cheaper for On line trading-- Have not tried it yet
I'm paying $10 but if you trade CFDs without Direct Market Access you will lose a small percentage which makes the trade cost abt $22 total on a 10k trade. When I get the cash back from my Rinker shares I'll put that in the Sonray a/c and just trade fully paids. I'll keep trying with CFDs though and see if I can get ahead of the game but they really are only any good for short term trading, which I ain't much good at. 
