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  1. #1

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    Default Buying Apple Shares

    Hey,

    so i finally have the cash to buy some apple shares. The only problem is, i dont know how to buy shares on the US market. Buying the ASX is no problem, just that apple obviously isnt on the ASX.

    What do i need to do to buy the shares on NASDAQ??

    anyone got any experience with this sort of thing?

  2. #2

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    Default

    Don't have any direct experience, but getting some in before Friday would be the go

    (This may be a start as to which companies provide online international trading accounts...)

  3. #3

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    Comsec sells shares on the NASDAQ in Australia
    MacBook Pro Core 2 Duo 15" | iMac Core 2 Duo 20"
    iPod 5G 30GB | iPod nano 4GB | Apple TV 40GB | iPhone 3G 8GB

  4. #4
    jeremy_warnock's Avatar jeremy_warnock is offline Pork Hunt

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    My work mate has just done this in the last couple of weeks. Ill try to recount his steps for you.

    he got an account with comsec, this took roughly a week.
    he need to get an account with comsec to trade international, this took another week
    he then poor bastard bought apple shares the day before the wwdc and now is hoping iphone will see them rise again

  5. #5

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    Default

    I used Commsec when I bought AAPL years ago. Made a tidy profit when I sold, even though the exchange rate killed me a little.

    (That's something to keep in mind when investing in international shares. Although with the AUD at the rate it is now, you might be OK. I bought AAPL when 1AUD = ~$0.52USD. )

    Brokerage fees are pretty pricey too, but I think they've been relaxed slightly since.

    Cheers,
    - Febs.
    "Woz, we need blue boxes not computers." (Steve Jobs).

  6. #6

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    I almost bought AAPL four years ago when it was at an all-time low of $7 (in today's terms). Then the iPod took off and I've been kicking myself ever since.
    But I wouldn't be surprised if the iPhone launch doesn't have much of an effect on the price. I think the high expectations are already factored in.

  7. #7

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    Default

    Thnx for that info.

    Also, is there a minimum package of shares i need to buy?

    I'm guessing this also means i wont be able to get any by friday... right?
    Check out this app and maybe use it to book a restaurant or order some munch. Owned by an Aussie :) App Store link

  8. #8
    Mac Ram's Avatar Mac Ram is offline Yes, it's me

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    Default

    Quote Originally Posted by Febs View Post
    I used Commsec when I bought AAPL years ago. Made a tidy profit when I sold, even though the exchange rate killed me a little.

    (That's something to keep in mind when investing in international shares. Although with the AUD at the rate it is now, you might be OK. I bought AAPL when 1AUD = ~$0.52USD. )
    - Febs.
    The most important bit of advice here. There's risk attached to all shares (otherwise there'd be no profit) but then to compound that by also taking on the exchange risk.

    Don't let your heart rule your head.
    Kushti

  9. #9
    dmw
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    etrade can also do purchases on nasdaq (which is facilitated by goldman sachs).

    they require a minimum AUD$10,000 minimum and their brokerage is $119.

    as they are only open during AU business hours you cannot do live trades, you can only place an order before 4.30pm AEST and you cant withdraw/modify your order until the next day - so there are some limitations which can be quite costly with a volatile stock like AAPL.

    the oher thing to remember is that you must complete (by hand) a W8BEN form which the broker must send (the original - not a fax) to the US before they will let you purchase.

  10. #10

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    So etrade is aiming at medium to long term investors, instead of facilitating day-trading...

    Good to see someone still doing that

  11. #11

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    Smile Apple Shares

    A bit of advice from someone who has traded shares on the NASDAQ for over 10 years,

    1. Get an account with a US based dealer. I used Legg Mason and they have been bought out by CitiBank.
    2. Be prepared to deal in US dollars. Currently it is a great time to move money from AUD to USD as it is at a 15 year+ high.
    3. Stay in for the long haul but be prepared to get in and out on the basis of cycles.
    4. I've had a position in Apple for over 3 years on and off. Lock in profits by selling and then buy back in on the downside. Done that twice in Apple in the past 2 years. Showing over 100% gain.
    5. Look at other stocks in the tech sector. My Microsoft is doing well after the market reaction to the delay in Vista was overdone. I missed HP when Hird took over! You can't alway be right!
    6. Understand that money rates in the US are quite low 2-3%. You need to keep your money in the market.
    7. Australia is a tax treaty country so you need to take tax advice from someone who knows US and AU tax treaty conditions so that you get to keep your gains.

    Good Luck
    Regards,
    John
    MacBook Pro 15", iMac G5, G4 Cube 1.2GHz, B&W G3, 7500 ...

  12. #12

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    Quote Originally Posted by JohnDProctor View Post
    A bit of advice from someone who has traded shares on the NASDAQ for over 10 years,

    1. Get an account with a US based dealer. I used Legg Mason and they have been bought out by CitiBank.
    2. Be prepared to deal in US dollars. Currently it is a great time to move money from AUD to USD as it is at a 15 year+ high.
    3. Stay in for the long haul but be prepared to get in and out on the basis of cycles.
    4. I've had a position in Apple for over 3 years on and off. Lock in profits by selling and then buy back in on the downside. Done that twice in Apple in the past 2 years. Showing over 100% gain.
    5. Look at other stocks in the tech sector. My Microsoft is doing well after the market reaction to the delay in Vista was overdone. I missed HP when Hird took over! You can't alway be right!
    6. Understand that money rates in the US are quite low 2-3%. You need to keep your money in the market.
    7. Australia is a tax treaty country so you need to take tax advice from someone who knows US and AU tax treaty conditions so that you get to keep your gains.

    Good Luck
    so do you use Citibank to trade on NASDAQ or some other software??

  13. #13

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    Default Buying Apple Shares

    I rolled over with CitiBank. Their trading arm is Smith Barney. I deal through their Baltimore office and they are quite happy to deal internationally. My connection was was a result of options trading in stock for the company I worked or at the time. I have had the same broker that I have dealt with over this time. If you have any other questions PM me.
    Regards,
    John
    MacBook Pro 15", iMac G5, G4 Cube 1.2GHz, B&W G3, 7500 ...

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