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How to trade international shares

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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How to trade international shares

“Hi, I am a member and looking at your international portfolio – how do you buy these? Is Commsec the only way, and then fill out the tax form for US, or is there another way?” - Many thanks and Happy New Year, Barbara H.

Answer

Hi Barbara,

Most brokers should be able facilitate overseas stocks and ETF’s especially the major high-volume offerings where we like to focus. Yes is the answer to the US tax forms and just be conscious that opening an international account requires a large stack of paperwork to hold shares the right way, and if whatever broker you use does not have such paperwork, then shares may not be held as safely as they should be. Commsec do hold shares correctly, the same way we do it through Shaw and Partners.

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Invesco QQQ Trust (QQQ US)
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