And not need a lot of money to do it. I would like to buy some stock in foreign gold/silver mining companies and have that stock not be denominated in dollars, and preferably one that pays a dividend. I don't have a lot of money to do this with and I'm not sure where to go to do this.
How to invest in foreign companies in foreign currency?
Yeah, they don't have a minimum, but I don't have enough money to make it worth my while. You need a couple thousand for that, I only have about a thousand atm. I just want to get out of the dollar in a way that can make me some money in the internum. I'm already putting 30% of my income directly into physical gold and silver. I want something that is going to produce me some income in the meantime, hence the desire for dividends. Doesn't really have to be gold/silver mining companies. I just see those doing very well in the next few years and their stock prices are typically pretty cheap. Any company paying dividends that I could get some stock in would be nice.
InPaulWeTrust
Member
- Joined
- Nov 20, 2007
- Messages
- 188
I believe that some good investments would be ABX, GG as Gold miners and Precious metals funds that pay dividends would be something along the lines of GDX.
Foreign companies that pay dividends and are solid bluechips with solid books are the two Brazilian Powerhouses, Petrobras (PBR) and Vale do Rio Doce (RIO). Their stock prices are not very low, but they are great companies to invest in. PBR is cheap right now and with the dollar bound to drop once again in the long run and the possibility of another spike in the price of the barrel of oil you will see this stock Jump.
They also have found several new oil fields off the South American coast which would effectively make Brazil a self sufficient nation by all aspects (agricultural, fuels, energy, etc.). PBR also provides a class A of shares that are priced lower than the regular shares, the ticker symbol for those are PBR.A. Both PBR and PBR.A provide a dividend.
RIO is a major mining company with interests all over the developing world and emerging markets, which is setting it up for a run. I would keep this one for the long haul, it is super cheap right now too. RIO also provides a dividend.
I am a little biased as I was born in Brazil, but I firmly believe along with China, these are two most solid countries to become major economic powerhouses in the near future (China of course sooner...well they already are;oP). Russia is solid too but I feel as if with Putin there are some barriers and India has to really get their act together also, I would place them at the bottom of the BRIC nations. Just my opinion. Long run I believe they will all succeed once more of a free market style policy is introduced. Most of these nations are still very socialistic, as the US seems to be reverting back to that concept, they seem to be distancing themselves from it.
I believe it was not until recent where the Chinese government has backed off on many regulations placed upon their market that the China Boom happened. Anyway, I vented and veered off the question. Sorry.
These are just a few of the companies I like the best that pay off dividends that are not US based and some gold miners which are American but pay off decent dividends. This is my observation and by no means should you take it as advice, do what you will with your money of course
.
Foreign companies that pay dividends and are solid bluechips with solid books are the two Brazilian Powerhouses, Petrobras (PBR) and Vale do Rio Doce (RIO). Their stock prices are not very low, but they are great companies to invest in. PBR is cheap right now and with the dollar bound to drop once again in the long run and the possibility of another spike in the price of the barrel of oil you will see this stock Jump.
They also have found several new oil fields off the South American coast which would effectively make Brazil a self sufficient nation by all aspects (agricultural, fuels, energy, etc.). PBR also provides a class A of shares that are priced lower than the regular shares, the ticker symbol for those are PBR.A. Both PBR and PBR.A provide a dividend.
RIO is a major mining company with interests all over the developing world and emerging markets, which is setting it up for a run. I would keep this one for the long haul, it is super cheap right now too. RIO also provides a dividend.
I am a little biased as I was born in Brazil, but I firmly believe along with China, these are two most solid countries to become major economic powerhouses in the near future (China of course sooner...well they already are;oP). Russia is solid too but I feel as if with Putin there are some barriers and India has to really get their act together also, I would place them at the bottom of the BRIC nations. Just my opinion. Long run I believe they will all succeed once more of a free market style policy is introduced. Most of these nations are still very socialistic, as the US seems to be reverting back to that concept, they seem to be distancing themselves from it.
I believe it was not until recent where the Chinese government has backed off on many regulations placed upon their market that the China Boom happened. Anyway, I vented and veered off the question. Sorry.
These are just a few of the companies I like the best that pay off dividends that are not US based and some gold miners which are American but pay off decent dividends. This is my observation and by no means should you take it as advice, do what you will with your money of course
.I believe that some good investments would be ABX, GG as Gold miners and Precious metals funds that pay dividends would be something along the lines of GDX.
Foreign companies that pay dividends and are solid bluechips with solid books are the two Brazilian Powerhouses, Petrobras (PBR) and Vale do Rio Doce (RIO). Their stock prices are not very low, but they are great companies to invest in. PBR is cheap right now and with the dollar bound to drop once again in the long run and the possibility of another spike in the price of the barrel of oil you will see this stock Jump.
They also have found several new oil fields off the South American coast which would effectively make Brazil a self sufficient nation by all aspects (agricultural, fuels, energy, etc.). PBR also provides a class A of shares that are priced lower than the regular shares, the ticker symbol for those are PBR.A. Both PBR and PBR.A provide a dividend.
RIO is a major mining company with interests all over the developing world and emerging markets, which is setting it up for a run. I would keep this one for the long haul, it is super cheap right now too. RIO also provides a dividend.
I am a little biased as I was born in Brazil, but I firmly believe along with China, these are two most solid countries to become major economic powerhouses in the near future (China of course sooner...well they already are;oP). Russia is solid too but I feel as if with Putin there are some barriers and India has to really get their act together also, I would place them at the bottom of the BRIC nations. Just my opinion. Long run I believe they will all succeed once more of a free market style policy is introduced. Most of these nations are still very socialistic, as the US seems to be reverting back to that concept, they seem to be distancing themselves from it.
I believe it was not until recent where the Chinese government has backed off on many regulations placed upon their market that the China Boom happened. Anyway, I vented and veered off the question. Sorry.
These are just a few of the companies I like the best that pay off dividends that are not US based and some gold miners which are American but pay off decent dividends. This is my observation and by no means should you take it as advice, do what you will with your money of course
Ok, but how to invest in these? I've never done anything like this before.
InPaulWeTrust
Member
- Joined
- Nov 20, 2007
- Messages
- 188
You need to setup an account with either, Scott trade, or E-trade, on of these trading houses will do. I work with E-trade currently, but have used Fidelity, they just charge too much for commission. At least they did back then.
It's free, then all you do is you create buy orders on whichever stock you want for whatever amount. Just make sure when you buy you use limit orders, and set the price that you are willing to pay for the stock rather than a market order which will be bought at the broker's convenience (not sure of the details here), and it seems that you always get the worst end of the deal like this.
Then watch your money grow, or disappear
Honestly, if you admit to not knowing what you're doing, I advise not to do it. 90% of amatures lose money in the stock market. I learned that the hard way.
If this is your savings account and you want to protect it in case you lose your job, buy gold or silver and sit on it.
PM miners typically don't pay dividends at this point in the cycle. They're also susceptible to being nationalized by foreign governments. Other foreign dividend paying companies that trade at already cheap P/E ratios (I'm thinking VE, E, GGB, DSX, VOD among a few others) could fall further in any panic selling. US stocks are currently trading at a reported P/E of around 25. The historical average is around 12, and previous bear market lows have seen P/E values around 7 or even lower. The future earnings growth that is priced in to common stocks is probably going to turn out to be wrong, and prices will need to be revised lower to reflect more realistic earnings estimates.
Having said that, your urge to "get out" of US dollars is probably irrational. All the other paper currencies have the same problems (and some of them more so). And contrary to what one might hear, the currency an asset is denominated in is completely irrelevant to it's inherent value.
I've been advising those who ask me to have their savings and investments divided somehow (20-80, 40-60) between physical gold and silver bullion and 1-3 year government treasuries. This gives the most protection against the two biggest threats to our economies - deflation and/or hyperinflation.
The market wants to deflate, the government is trying to hyperinflate. It is my opinion that the market will, as always, win this battle. Therefore, my bias is more toward the treasury weighting of this. Most here have more faith in government ability to hyperinflate, and will therefore want a higher weighting of gold.
Once a major washout in the stock markets occurs, I wouldn't hesitate to move some of my savings into a basket of international dividend paying infrastructure companies, thier preffered shares or their corporate debt. But not until I see even lower valuations and yields in the 13-15% range.
Hope that helps.
If this is your savings account and you want to protect it in case you lose your job, buy gold or silver and sit on it.
PM miners typically don't pay dividends at this point in the cycle. They're also susceptible to being nationalized by foreign governments. Other foreign dividend paying companies that trade at already cheap P/E ratios (I'm thinking VE, E, GGB, DSX, VOD among a few others) could fall further in any panic selling. US stocks are currently trading at a reported P/E of around 25. The historical average is around 12, and previous bear market lows have seen P/E values around 7 or even lower. The future earnings growth that is priced in to common stocks is probably going to turn out to be wrong, and prices will need to be revised lower to reflect more realistic earnings estimates.
Having said that, your urge to "get out" of US dollars is probably irrational. All the other paper currencies have the same problems (and some of them more so). And contrary to what one might hear, the currency an asset is denominated in is completely irrelevant to it's inherent value.
I've been advising those who ask me to have their savings and investments divided somehow (20-80, 40-60) between physical gold and silver bullion and 1-3 year government treasuries. This gives the most protection against the two biggest threats to our economies - deflation and/or hyperinflation.
The market wants to deflate, the government is trying to hyperinflate. It is my opinion that the market will, as always, win this battle. Therefore, my bias is more toward the treasury weighting of this. Most here have more faith in government ability to hyperinflate, and will therefore want a higher weighting of gold.
Once a major washout in the stock markets occurs, I wouldn't hesitate to move some of my savings into a basket of international dividend paying infrastructure companies, thier preffered shares or their corporate debt. But not until I see even lower valuations and yields in the 13-15% range.
Hope that helps.
Main investment banks around the world are going to benefit from this bailout at point 6:56 in the video.
http://www.cbsnews.com/video/watch/?id=4484039n
http://www.cbsnews.com/video/watch/?id=4484039n
A little late on this topic but I have some questions as well. I may be interested in rolling an existing IRA into an account at Europacific. Maybe up to $20K. I plan on calling them on Monday; however, maybe someone here can answer some of my general foreign investing questions.
Are the statements you get on these investments consolidated into one Europacific statement and converted to US dollars based on the exchange rates applicable at the time? Or are they listed in the currency that is used by the exchange the stocks are traded on? Let's say i want to get to these funds. Do I have the option of how the proceeds are paid out to me? I mean, if I closed it out, would I be paid out in US cash? That whole aspect confuses me.
Are the statements you get on these investments consolidated into one Europacific statement and converted to US dollars based on the exchange rates applicable at the time? Or are they listed in the currency that is used by the exchange the stocks are traded on? Let's say i want to get to these funds. Do I have the option of how the proceeds are paid out to me? I mean, if I closed it out, would I be paid out in US cash? That whole aspect confuses me.
A
Arklatex
Guest
Some of my favorite gold miners is IAG for small producer and MVG for a speculative play in Mexico. Like the Brazilian mentioned ABX GG or probably GDX which is an ETF than composes both Barak and GG are good investments - ron paul owns both.
I own the Brazilian ETF EWA I believe the ticker is, or EWZ i can't remember, jeesh I've lost some money on that one. Brazil though is reasonably priced, resource rich, and I hear there are some cities there in Brazil that are virtually crime free and the standard of living is good.
InPaulWeTrust could you comment on the government and economy there?
EDIT: MVG is a silver play.
I own the Brazilian ETF EWA I believe the ticker is, or EWZ i can't remember, jeesh I've lost some money on that one. Brazil though is reasonably priced, resource rich, and I hear there are some cities there in Brazil that are virtually crime free and the standard of living is good.
InPaulWeTrust could you comment on the government and economy there?
EDIT: MVG is a silver play.
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