Question
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Sep 5, 2006, 10:25 PM
| | New Member  | | Join Date: Sep 2006
Posts: 3
| | | How can I buy stocks for long term investing using credit card
Hi;
How can I buy stocks for long term investing using credit card?
Note: I am not a US citizen.
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Answers
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Sep 6, 2006, 11:12 AM
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#2
| | Finance & Accounting Expert
Join Date: Nov 2005 Location: Canada
Posts: 3,658
| Ok, so let me get this straight.
You wish to buy stocks and finance that with a credit card which you then must pay an interest rate of about 20% on.
So, unless your stocks are going to be generating a ROI of greater than 20%, you will be losing money.
Let’s assume you misspoke. Contact a local stock broke to set you up. |
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Sep 6, 2006, 11:20 AM
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#3
| | | Computer Expert
Join Date: Jan 2003 Location: LI, NY - USA
Posts: 21,863
Pay to call ScottGem for advice ($.75/min) | There are several online brokerages that will bill you thru a credit card. | |
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Sep 6, 2006, 09:19 PM
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#4
| | New Member
Join Date: Sep 2006
Posts: 3
| Hi;
1. Dear CaptainForest;
I only need to pay for the stock using credit cards, this is one time payment only.
2. Dear ScottGem
In my search for online broker, I couldn't find any broker who accept credit cards and allow non US citizens to open an account, so could you please provide my with names and web address? Thanks | |
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Sep 7, 2006, 04:46 AM
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#5
| | | Computer Expert
Join Date: Jan 2003 Location: LI, NY - USA
Posts: 21,863
Pay to call ScottGem for advice ($.75/min) | Who have you tried? The non-US citizen could be a block. | |
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Sep 9, 2006, 06:11 AM
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#7
| | | Christianity Expert
Join Date: Nov 2005 Location: Atlanta GA
Posts: 23,619
| www.tdameritrade.com www.schwab.com
may be a couple choices. You may wish to speak directly to a stock broker on the phone as to what you want to do.
Next most US stocks can be bought though local brokers in other nations, one does not have to use a broker from this nation. In my investments I have a few foriegn investments but bought them though the brokerage here in the US | |
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Dec 2, 2006, 02:10 PM
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#8
| | New Member
Join Date: Dec 2006
Posts: 8
| Perhaps you can use your credit card to fund your Paypal account and then use your Paypal account to fund a trading account?
Are you trying to set a new record for the lowest % return ever or are you trying to setup a scam? | |
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