How to Buy US Shares from Australia 2019!

[@Maria-iz3uk]

*I FEEL LIKE THE HOLE SEASON IS OVER, I'M TRYING TO GET INTO TRADING AS A ROOKIE, BUT I'VE HAD SO MUCH LOSS TRYING TO TRADE ON MY OWN, PLEASE WHAT STRATEGIES DO I NEED TO EARN PROFITS FROM THE MARKET*

[@billyfred8103]

I came here to learn how to trade after listening to this video I'm still confused, I'm a newbie and I'm open to ideas.

[@asmauyusuf7802]

@Pacome Ali This Bitcoin trading has set sail. I honestly cannot overemphasize how much delving into Bitcoin trading has helped saved and changed the lives of many.

[@garnishranjit1789]

@Pacome Ali Wow buddy, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.

[@Bryan-ls5cj]

Interesting.. how did you do it? I could use some help over here too, My Crypto picks have been depressingly bad Tbh I'm in need of a good investment plan currently, I still have a lump sum in a savings account yielding next to nothing. Do you have more clues that could help?

[@muhammadgoninmele2631]

@Pacome Ali How reliable and efficient are her services? know this question may seem out of place, but this is what I look for in a portfolio manager or broker.

[@jeremyedwards9702]

Those Commsec and NAB fees are outrageous. It makes no difference if a stock transaction is $100 or $10,000, no rational for a tiered price system (other than they can get away with it). Likewise on the exchange fees, I would guess that terminology is used to hide the fact they take a fee both on the buy/sell but also the actual rate used. Is this a market referenced rate on say, Bloomberg/Reuter’s or the bank’s default FX trading system? Buyer beware!

[@devotionalganangal]

I read somewhere that all exchanges charge the brokers a fees for execution of a trade. The brokerages pass it on to the investors along with their own fees. That is what we have to pay. US market is quite big and has some kind of alternate revenue stream, so brokerages there can provide $0 fees.

[@charlottenoah4341]

Okay nice video and all but I'm sorry, I still do not understand( am I just dumb or what). I have been trying to get into the investing/trading scene for over a year now and it isn't working. About every trade slaps me in my face. Nearly impossible for me to catch more than a few points . I try to do top down analysis coupled with MTF analysis and fundamentals, but it doesn't seem to work. I say to myself, clearly I'm in the 90% that lose money, so I open a demo account, do my analysis, then take the opposite of what I would normally take(I know, it sounds stupid but I was desperate) and get the same result. I'm starting to feel hopeless, I head on to KZbin to do some learning, but I end up becoming even more confused with all the complex terms being thrown around. Can anyone just gimme whatever strategy he/she is using? I am ready to follow it to the letter. Help a frustrated noob out. P.S I'm sorry for the rant.

[@charlottenoah4341]

@John Fritsch You're right, I don't lose money every single trade, but my main problem is trying to let my runners run. Very rarely do I catch big moves . Instead they go a few pips in my direction, then go against me if when I try holding them. Also my entries could use a lot of improvement. A mentor would be amazing, but getting one is easier said than done. If it's not too much to ask, do you know any? I know this is asking too much.

[@jemmac2611]

AMAZING VIDEO. You have helped me find the solution to my dilemma. I’ve been pulling my hair out over choosing a brokerage account to invest in US stocks including Stake. I realised after this video why I felt conflicted about using it - the trust factor. I plan to put a lot of my money in US stocks and I want to know my money is secure which I struggled to feel with Stake. All I know for sure is, I’m for sure not trading US shares with ANZ!

[@MylooXylatooClips]

Hey Hamish, Would you recommend the best platform to usa stock trade that does options too? Thanks

[@mangoinvests]

Hey mate, could you please do a video on capital gains tax? Also the process every year declaring your capital gain to your accountant, what to do etc...

[@imlucaskong]

Chris Mango This is what I want to know as well

[@zAngus]

My tip. Use Sharesight to track your trades and do your tax. Give this info to your accountant.

[@greghollands3628]

It’s pretty simple, if your brain isn’t able to understand capital gains then you shouldn’t be investing in the sharemarket

[@mangoinvests]

@@greghollands3628 someone is an angry little boy

[@mangoinvests]

@@greghollands3628 cant get the cheetos stains off your fingers ay boiii

[@benkelly]

Is it possible for Australians to use platforms like M1 Finance, Vanguard, Robinhood, WeBull etc

[@pawansapkota6778]

that would be a blessing

[@jimhendriksen5592]

Bring a Kiwi is there anyway around the W8 form . cheers

[@spetho36590]

Thanks mate, I didn't realise that Nabtrade had a inactive fee on their international accounts. I've been using Stake lately, might have to put some cash aside for a Nabtrade later in the year.

[@MatthewTaylorAu]

how are you finding stake? recently had a look at their interface and dislike the lack of a stock code appearing in the search results - they display the name of the company, not the stock. very odd. weird even. also noticed stake offer fractional shares, which begs the question if stake register customers on the share registry or on their own internal systems. It doesn't feel like a proper broker because of that.

[@spetho36590]

Positive things about Stake outweigh the negative. Still using both platforms. I like Fractional shares. I can dollar cost average into the market easier. I can reinvest the dividends easy as they are paid in USD back into your account.

[@mikegner]

Is Commbank charging fees in USD and NAB in AUD?

[@TM-ey3pw]

Hello greetings from Finland. I had to comment because I felt sick and couldn't believe those commissions. Is competition outlawed there? I could buy your precious Thor industries stock for 31500€ (around 50 000 AUD) and commission would be 5 US dollar. FX trades are also so cheap that its really hard to notice them...lol. I recently bough stocks from Australia and commission was 0,15%... Seriously...wtf is going on there? Maybe I should start investing on aussie Banks because it seems that they are exercising legal robbery.

[@magno5157]

Everything in Australia is freaking expensive. Like e v e r y t h i n g. It's a greedy country.

[@finsimple4396]

@@magno5157 Yup, just have a look at our real estate market...

[@foxdylan9536]

Yeah, Australia is an over regulated, third world county with money comparable to Monopoly money...

[@dgb5820]

Please consider a video of the first transfer from other bank to CommSec does it go into the CDIA account?

[@rosemaryrusso1612]

Great info! Well explained! Thanks heaps :)

[@ShaneChiswick]

Is Westpac ok to buy US shares?

[@Shadow1986]

Does free brokerage like eTORO mean you actually own the stocks. On commbank/NAB do you actually get a piece of certification confirming ownership of stock?

[@InvestingwithTom]

Great video Hamish. I’ve recently switched to an online broker (Hatch Invest) in NZ. Was previously with ASB, but their fees were massive ($90USD per trade), plus a rather average FX rate. Pretty crazy. Now working $8 each way fees

[@IamaNewCreature]

I use stake, no brokerage fee.

[@InvestingwithTom]

mr android nice, unfortunately we’re pretty short on options here. ASB and ANZ are the only banks offering US trading here as far as I know.

[@pietervdb8070]

Tom have you thought about Interactive Brokers? They are availabe in NZ

[@InvestingwithTom]

Pieter VDB I’ve come across them but haven’t looking seriously tbh. Do you use them?

[@TuanTran-sl3lv]

Thanks for your video Hamish

[@salmi_azrinparentsonly863]

Hi Hamish, what about using Interactive Brokers or other online brokerages?

[@namename3139]

do u pay doube tax aus and us tax? aus tax then 15 percent?

[@MrWarped79]

Could you discuss the WS-8 US Tax forms that have to be completed and their purpose?

[@garymcsullea7330]

Yes that would be good.

[@chandellschofield6260]

Hi hamish I am looking to by shares in a company called xebrabrand could you advise me how to do that.

[@frankmanno6207]

Hi Hamish.. Its been almost a year and a half since you made this video. Are you still using Commsec for your international trades and still feeling the same about Stake? i.e., has anything changed since this video?

[@pietervdb8070]

Hi Hamish...just wondering about the tax consequences of buying overseas stocks. I understand that withholding tax may be applied to dividends, however what about realised gains. Will you need to declare tax in the USA as well as Aus for dividends and realised gains?

[@HamishHodder]

I recommend talking to a tax advisor or accountant but as far as I understand you do not pay US tax if you are an Australian citizen. You pay capital gains tax in australia on realised gains.

[@pietervdb8070]

Also, have you considered cheaper brokerages eg Interactive Brokers. Is there a reason you prefer to stick with very expensive banks?

[@pietervdb8070]

Ok i was just wondering

[@bhuwandotel3935]

I am just wondering if i can invest in us stock or not because I am a international student in australia with working rights and australian resident for tax purposes ?

[@tylermurray9897]

Hey i am interested in what platform everyone uses to make trades? i am new to trading but eager to learn heaps. cheers

[@tash5897]

Great video Hamish!

[@finafinajay]

Hi Hamish, I applied CMC to buy international share, such as VOO.US, it’s 2% FX and 19.95 brokerage does it make sense? Let’s say when i buy 4834 Aud i have to pay around 120aud for total fee.

[@kevinbeal5704]

thanks for the vid mate 👍

[@gavinralph4042]

Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating..

[@gavinralph4042]

Please how can I reach this Expert Nancy everyone is talking about?

[@gavinralph4042]

@micheal dollin Sure, thanks a lot!

[@Arianajones463]

Her success story is everywhere.

[@ratnoinamaew7822]

Hi Hamish. I just opened a CMC CFD account, now to trade US stocks, the market opens at 1.30 am AUS time where I am based. Do you know any options we Aussies have as I am not really at my most alert level at that time of the night.

[@AntunesdoVale]

Hey Hamish, great video mate. What about investing directly with USA banks like TD Ameritrade? They charge no brokerage fees, are super reputable and cover up to $250k on insurance for a calamity case.

[@LionElRonK20]

Hi Luke, Im curious to know if this is what you do yourself, as I have been researching if it was possible to do that just recently

[@burger12555]

Great information.

[@sh.e_rides4091]

great video! thanks!!!

[@Terrub_Ullum]

Thanks dood, very helpful 👍🏼

[@jihyounseo3105]

Hi Hamish, I have been looking for a way to buy US T bonds from Australia at the moment for ages and no where I could find the info and hoping that anyone besides Hamish knows it plzzzz share it with me. lots of thanks

[@jihyounseo3105]

oops I just realised that he does not really reply to any of the comments!! that is sad, worth subscribing his channel?

[@cuzzman01]

Try using the Stake app.. no broker fees.

[@fifabeastslayer3481]

plenty of hidden fees though lol

[@leokoutsiouroumbas4779]

What about paying US taxes/ AU taxes when selling your stocks?

[@alldayubum]

You have to sign a W-8 form which alleviates you paying taxes in the states

[@wiimatt4044]

Would you recommend investing in AMD stocks?

[@sp6450]

I think you should invest in AMD, Intel, Microsoft, Apple. These stocks will only go up in value within the next 3 years. You are safe with these companies for the long term. If you are planning on trading I would probably look elsewhere. Perhaps commodities.

[@jesseharvie288]

Those fees are outrageous!!

[@HadouGun]

Australia where everything has a premium fee.

[@vanessaferroa5341]

HI Hamish, I totally with what you said in your video regarding why you chose to purchase US stock. In regards to Commsec, does it allow you to trade the 16,000 US Stock available in their market? I've researched the different brokers and signed up with CMC markets only because they have 3900 US shares I can trade but if Commsec allows me to trade every share in the US Market, then I'll just open up an account with them.

[@simonbrooker812]

It's extremely annoying trying to find a broker in Australia to day trade US stocks! especially if you only have $1,000-$2000 to start with. Not to mention the fees. The only brokers that cater for this are in other countries that aren't regulated by the US or Aus. Trading the ASX is not liquid enough for day trading or even swing trading.

[@nickh6180]

Aren't the banks just a broker? So they don't hold the shares? They just facilitate the transaction?

[@ihavelegs]

Stake now charge a subscription fee of $9.50 per month..🙄

[@Airmartino347]

thats for a premium version. You can still make commision free market orders.

[@mazzaleen6091]

IG is way cheaper and more trustworthy than stake. Unless you signed up before March 2020 to get the premium free for life, I would not recommend the broker. Stake earns its money off their aud to usd conversion however they also have premiums which make it more expensive than IG. For the same number of shares for the same company stake costs a greater net aud to purchase compared to ig. Their reasoning is that because you are only paying a conversion fee to convert all your aud once, the cost should balance out through your other fx fee-less trades. The 9 dollars a month upgrade benefits active traders, even so, there are many platforms like ib or zacks trade which are more regarded and reliable for day trading (tighter spreads) and the 9$ a month is money that you could have spent investing rather than throwing away ($108 a year). For buy and hold investing wothout the premium upgrade, their premiums are still higher than IG and as stated, the costs are offset through the multiple trades made without the multile conversion fees - thus, will not be utilised most of the time by buy and hold traders who will only trade once or twice a month. Unless you are interested in purchasing fractional shares, IG offers way more features and allows you to trade in asx (for the lowest comission available, tied with selfwealth) and in global stocks (commission free) rather than only US stocks like stake.

[@foxdylan9536]

Thx Hamish, this was really helpful 👍 I’m trying to figure out how to buy without a stock broker...

[@whatintheheckydoiputhere]

Hi can you tell how to buy US options from Australia?

[@robertbrechin8387]

Thank you, Hamish Hodder. You have authenticity plus! And you saved me from maybe making a mistake. Robbie Brechin

[@LilStoops]

Wow, ANZ is significantly more pricey.... I would have thought they would at least try to compete.

[@jakeheg9203]

Where do I go to invest

[@krachinlertsiritrakul5567]

thank you

[@johnpalmer4128]

Nice one Hamish. Risk management should always be a very high priority. When STAKE advertise zero brokerage, the warning bells start ringing for me. I'm not sure you ever get something good for nothing. Read the fine print carefully.🤔

[@alwayswinning3743]

I'm looking at this right now. I like the idea of it. But it's not in Aussie Dollars, so you still have to be careful with the exchange rate etc?

[@QuocTran1007]

Stake charges 0.70 cents USD for every 100 AUD.... that is not 0.7% , on today's conversion rate, 0.70 USD is 1.17 AUD .... keep up the good work mate.

[@ethanaquilina8046]

Quoc Tran do you use stake at all for international trading, I just joined CommSec and their international rates are just crazy especially that AUD isn’t typically strong making it difficult for a newcomer such as myself to start up. I would just like to know your opinion on Stake

[@Harry_Bl44346]

Very detailed video

[@MrDarrensciberras]

Hi Hamish, great video. I am interested in penny stocks on the american market. What is the best platform to use to keep up with the volatility of this niche? Thanks in advance

[@zAngus]

Darren Sciberras Interactive Brokers.

[@vanessaferroa5341]

Hi Darren Scibberas. I have also become interested in the US market, as there's 16,000 US Shares to trade with. Unfortunately, the brokers here, and I've signed up with CMC Markets, have only 3900 US shares I can trade with, which isn't enough as there's so much activity over there, being highly volatile. I will look into the Commsec account. Hoping though, all 16,000 shares over there can be traded over here.

[@houstonwells3404]

I want to buy some Australian stock but I am American. How to?

[@cryptowilliams3771]

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[@bigroo007]

What are you thoughts on Plus 500 to use in Australia?

[@ryanchenoweth5673]

Just say that Stake goes completely under in 20 years time, where does that leave someone who only uses them - they still own the stocks right?

[@devotionalganangal]

According to Stake, they are covered up till $500,000. Still would not use it at the moment though.

[@frankmanno6207]

@@devotionalganangal Each individual account is covered up to $500k or the whole of the Stake money pool is covered up to $500k ? This is what we need to find out.

[@devotionalganangal]

@@frankmanno6207 As per SIPC, each individual is covered up to $500,000. It could be $250,000 in shares and $250,000 in cash, or something like that. If Stake goes under, Drivewealth will hold the securities you own in your name until you can liaise with them on what to do. This could be a pain, but you do not lose all your money. At least that is what I've gathered so far from the interwebs.

[@koiching]

IG markets?

[@rajanhumagai]

Tell something new we know about bank

[@samubamu]

Hamish Hodler

[@trexzar87]

I disagree with the last 3 minutes of this video, Stake has a US broker registered with FINRA just as Commsec does, and their securities are held by Citibank which is similar size to Commonwealth Bank. Your money is equally safe with both platforms, and the excessive fees in Commsec is still not justified. Don't choose platforms based on emotion.

[@thekippaxfoden9572]

This is criminal! I pay 1,21 dollar. Holy shit! Ur getting robbed all day long. Call the police!

[@jenndan2247]

🇨🇦Hello ,I'm a newbie in crypto,, what's the best way to get started with trade cos I've been makiy my personal research for a while now

[@kal2352]

Wow ANZ pretty much don't want your business.

[@BussinTopTens]

19 minutes lmao.. exactly why would I

[@alwayswinning3743]

Do you and can you do penny stocks in Aus? I'm learning atm and this is what I'm interested in, mostly because I'm pretty broke .. Edit: How many stocks do each of these platforms have? Like can you buys shares on anything?

[@finsimple4396]

First of all, the price of the share (stock) doesn't matter. If you invest $1000 into a company, it's $1000 regardless whether the stock is $0.10 or $1000. The only difference being that if it's $0.10, you own 10,000 shares. If it's a $1000 stock, you only own one. Most of the brokers only accept trades of above $500 AUD, nothing less. So if you were to buy a penny stock for $0.10, you have to buy at least 5,000 of them. Second, DO NOT invest in penny stocks. You WILL lose. It's gambling, there's no other way around it. You cannot effectively evaluate the businesses of penny stocks. Almost all of them fall to 0. I do not know Hamish, but I am almost certain he does not buy penny stocks. He follows the strategy of Warren Buffet, Benjamin Graham, Charlie Munger etc. of value investing and evaluating a quality business for the long term.

[@dutony4276]

ANZ:”GET LOST!”

[@LMProduction]

Tbh “trust” doesn’t excuse the high fees. Stake all the way

[@zamanyousofi7139]

free stock

[@Arief351]

After a succession of payouts from stock investing using *Alec Payden* services, I can boldly say I am an investor, there were bad days but nothing compared to the good days as I make enough to comfortable quit working.

[@vinesharjun1091]

Wow! that's great to hear, thanks for the recommendation.

[@hansyasini9411]

It's been great pleasure working with him for me also, he's ever consistent plus his services are outstanding and well organised.

[@joycelistings6879]

How much commission does he charge for his services, I'm interested in starting.

[@douglasjefferson8533]

Thanks for the recommendation and guide. Cheers

[@paulpetrut199]

@@vinesharjun1091 His ➕1️⃣>>1️⃣5️⃣1️⃣>k️⃣e️⃣

[@bodhibriar9683]

He is one in a million, best among many, most trusted , I almost gave up on trading then I met him through a friend, Austin is the most trusted trading expert who helped the life of my family and I ,

[@bodhibriar9683]

+:1:8:3:3:7:7:5:0:7:0:7;W/h/a/t/s/A/p/p/< With> / A/U/s/t/In/