I opened a stock brokerage account in a foreign country on that country stock exchange. My (US dollar) deposit was converted to their local currency. I have also noticed that ADRs in new york are being offered from that country (not before). Is their a profit advantage to having a currency account (in another country) and owning an ADR (from that same country) at the same time? Thank you.
127416
Yes; surely there is an advantage for having both accounts.\nAlthough trading desks at financial institutions tend to close arbritrage opportunities as they appear, there is usually some space to chose the more attractive deal: in the local market vs ADR's\nOver time, however, those opportunities will tend to disappear and it will be obvious which account will be bette to keep
47302
If the money values are the same there is no problem. \n\n If the money values changed then you will need to file an admendment.
550685
Depends on what country you are trading.  If it is the US, you bet as there is a capital gains tax.\n\nIf you live in Singapore, no.  There is no capital gains tax in Singapore. \n\nCheck your country codes. \n\nNormally, your brokerage account will have trade confirmations in addition to monthly summary statements. Not having them is unusual.  Trade confirmations/summaries are a key part of internal controls for brokerages and would be highly unusual for you not to get them.
417417
It all relates to the P/E or the Price to Earnings ratio. It measures how much revenue or profit one share earns and compares that to the price you would pay for that one share on that open market.\n\nWhat you or your banker are talking about can be dangerous because you could be paying a lot of money for a share that does not have a lot or any income behind it at all so you would be in danger of losing your investement. This happened a lot in the dot come bust where sahres worth $500 or more were issued and bought for companies that weren't even making $.01 per share.
150468
Triangular arbitrage today is often done by computer programs by the big players, so I really don't think there's going to be much opportunity in it.  Plus, you have to think there's going to be a transaction cost each time, which will really eat up your profits unless you're doing serious $ trading.  If you are set on doing currency trading, you can try http://www.forex.com
594859
I use scottrade since 2003 and have had no problems with them.  I havent bought any stocks since february and no charges or anything.  infact when I first opened the account I did not buy any stocks for 2 months and they gave me 1 cent interest for the money I had in the account.  They are cheap when it comes to buying stocks but one thing I dont like about them is they suck when it comes to penny stock.  lets say you bought penny stock that were valued at 50 dollars all together, they will charge you the 50 bucks for the stocks, the fee for the trade plus 50% the value of the stock, so you pay them 25 bucks extra simply because they are penny stock.  Other than that I like the account.
80520
You have to add in any expenses you have to the basis of the stock (what you paid for it). It does not matter what you make. If you pd 1$ per share and paid a broker .50 per share and when you sell it for 2$ per share your profit is only .50. I hope this helps. Also you report that on schedule D remember your expenses are added to the cost
200340
It depends on your broker and what he does with your positions.  This is probably something you should have discussed before creating the account.\n\nI think Hotspot and the CME do it correctly.  I'm not sure about the middleman exchanges.
470029
The short answer is "no". \n\nHere's why:\n\nA currency swap is an over-the-counter security that is not standardized. The non-standard contract is basically saying Party A will pay Party B the difference between where currencies end up in the future based on a set dollar amount principal.  Since it is between two parties with no escrow, there is default risk.  No offense, but no one is going to take you on as a counter-party due to your default risk. \n\nCurrency forex contracts tend to be in the millions of dollars.  'Nuff said. \n\nIf you want to neutralize your Krona exposure (which you may not want to do if you are Icelandic and plan on returning there), then the best ways to neutralize your currency exposure is to either sell the krona for another currency (which then opens up another can of worms because now you're long another type of currency) or build a Krona liability.  You can build a krona liability by getting a loan. There is a third way... build your own "swap" by writing your own contract with someone who wants to go short on the Krona in the same amount that you want for the same amount of time period - but the chances of that are miniscule. And then you have to trust them, as well. \n\nThere is a fourth alternative.  You can use futures on index traded currencies that have the highest correlations to the IKR. I know that Norweigian, Swedish and Finnish currencies are loosely correlated with the IKR.  You will hedge away some risk, but still have some risk.  \n\nSorry.  I have no perfect answer for you.
650139
Okay, I don't know what all that was about...\nIf you mean buying shares of stocks, then you should open a "brokerage" account with someone like ScotTrade.\nEach share is a small piece of a company and the price is given in USD ($).\nYou buy pieces of the company and hope that the price will rise.  After some time, you can sell it into your account and keep the profit!  It is fun, too.
320203
Forex trading is just like stock trading, only here you try to benefit from the change in the value of a currency in respect to other. I have started a blog where I am telling free information on a daily basis and am also posting trades I place along with the analysis on why I placed the trade. This all is free. You can check out there to gain more info -\n\nhttp://the-forex-trading.blogspot.com
665437
Although C Brent is essentially correct about 1031 exchanges... I don't think that he answers your question.\n\nA 1031 exchange is a tax deferred exchange.  This means that when you remove your invested capital from real estate... it will be taxed at your capital gains rate (state, fed & recaptured depreciation).\n\nHere is a link to the capital gains calculator on my site:\nhttp://www.1031store.com/resources/1031_capital_gains_calculator.php\n\nIf on the short term side, you decide to take a little cash out (or portion) of your 1031 exchange proceeds, you will be taxed at your capital gains rate on the portion that you decide to not opt into the exchange.  This is called Boot. (like putting cash in your boot).\nHere is a link to the dictionary on my site:\nhttp://www.1031store.com/resources/dictionary.php\n\nWhen speaking about real estate capital gains,  there are some very good long term effects:\n1. (has to be mentioned) you will be realize compounded growth on your deferred capital gain tax.\n\n2. One of the most over looked advantages, is to move capital from a state where the capital gains tax rate is to another state where the capital gains rate is lower.\n\nLT capital gains rates range from 0% - 12% in different states.  A good example is for an owner who sells property in california (believe 9.3% rate) and buys through a 1031 exchange in TX (0% rate).\n\nThis is where it gets interesting.  Even if you sell the TX property after a year, and realize your gain... you do not owe Cali state tax.  That is tax money saved.\n\nSo in the long run... there can be some real advantages.\n\nI'm going to release this site next week.  You'll be able to contact with experts nationwide and find NNN property to purchase.  Feel free to check it out.  By July 1st, you should be able to contact with some experts too.\nhttp://www.1031store.com
665181
so get a us address....lcome to usa get a post office box...and have your paper trades sent there?  eventually you can have all trade confirmatins and statements sent toelectronically.  but you will probably have to pay us taxes ...on capital gains
553031
Holding different currenies in your account is not a forex trading. Actually I cannot imagine how you could gain with it. \nAnother thing is forex trading. you may buy and sell one pair several times per day and could gain and income could be amazing.\n\nFor example today at 9:00 AM CET (7:00 AM GMT) EURUSD pair jumped 120 pips within a hour and then in next 2 hours moved up 23 pips else.\n\nJust count. If you bought 10 lots at 1.2965 and sold at 1.3085. For 10 lots 1 pip is equal to $100) then you earned $100x120=$12000 in a hour.  Margin requiremets about $6500 if leverage 1:200 or about $13000 if leverage 1:100. What if you would take all 143 pips?\n\nI pay to my investors at least 5% monthly (usually much more) for 12 month.
547680
Trading currency means borrowing in currency X and converting it into currency Y in the hope that currency Y will appreciate against currency X.  When you are ready to close your trade, you convert back from currency Y to currency X.  If Y has appreciated against X, you make a profit.  \n\nNowadays currency trading has been made very easy.  You just have to decide whether you want to buy or sell a particular pair of currency.  For example, if you buy EUR/USD at 1.30, you gain if the rate goes up and lose if it goes down.
589536
All the brokerages you listed are expensive ( relatively ) in their commissions, especially if you're going to be trading stocks, often, instead of just buying funds and leave them for a while.\n\nIf this be the case, you will be better off, exploring other deep-discount brokerages...such as E*Trade, TD Ameritrade etc.\n\nIf you have sufficiant funds in your Rollover IRA ( > $50K for E*Trade ) the commission per trade is lot less than what you will pay in your list of brokerages.  I think it's $9.99 or something along that line, with almost all brokerages, per trade.\n\nThe commission is something that you should consider. Also, some of these companies charges few cents per share. Only the first 1000 shares are covered by their flat fee. Anything above that limit, you pay additional CENTS per share.\n\nAll the tools - charts, portfolio manager, research tools etc...are all kinda standard all over the place.\n\np.s.\nSince you're rolling over and NOT THRU' YOUR COMPANY 401(k) anymore...There is no more free lunch. You will pay $$$ per trade..So, give it some thought
520990
Yes. It is income and in the US you are going to pay taxes on income. (MOST of it anyway). There is more that is needed to answer the question. If the earnings are from the sale of the account then you might have Capital Gain. As an accountant my best advice is to contact an accountant. Probably not much help for your question but there are too many variables to fully answer.