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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: Katelew who wrote (252804)1/2/2008 1:25:26 AM
From: Elroy  Respond to of 281500
 
Hi Elroy......good point about entertainment industry. That reminds me that we surely lead the world in pornographic output, too, so I guess I shouldn't fret about the future of the USA, should I?

There are plenty of reasons to be concerned about the future of the USA, but I don't think pornographic output is one of the big ones. There are a few people that become addicted to porn and turn into sexual deviants, but their numbers are dwarfed by the number of people that enjoy a bit of porn every now and then and lead perfectly normal (if such thing exists) and productive lives. Obesity, drunk driving, poor public school education, and a variety of other issues seem a much bigger problem in the US than porn, if you ask me, and none of them are on the verge of destroying the USA.

You were asking about foreign brokerage services the other day. Wouldn't the largest money-center banks in each country offer such services to foreign investors?

Perhaps, depends on the country. I was hoping to get lucky and find a person that had a brokerage account in the countries I asked about. I've tried hunting down the brokerages in country myself on Google with little luck. I've got a lead on Turkey, but nothing so far on Argentina and Brazil.....

More than half the stocks I buy these days are foreign, but I'm content with the ADRs. I trade alot so I want the liquidity and I want easy order entry. And when I look at the financials, I need conformity to GAAP or else I wouldn't know how to make comparisons within an industry group, for example.

I want to just buy 4-6 reasonably sized companies in those countries and see how it does over 2-3 years. I don't want to trade so much.