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How can I buy stocks for long term investing using credit card

Asked Sep 5, 2006, 11:25 PM — 11 Answers
Hi;
How can I buy stocks for long term investing using credit card?
Note: I am not a US citizen.

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11 Answers
CaptainForest's Avatar
CaptainForest Posts: 3,684, Reputation: 2085
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#2

Sep 6, 2006, 12:12 PM
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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ScottGem's Avatar
ScottGem Posts: 58,578, Reputation: 28375
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#3

Sep 6, 2006, 12:20 PM


There are several online brokerages that will bill you through a credit card.
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Salehd's Avatar
Salehd Posts: 3, Reputation: 1
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#4

Sep 6, 2006, 10:19 PM
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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ScottGem's Avatar
ScottGem Posts: 58,578, Reputation: 28375
Computer Expert and Renaissance Man
  
#5

Sep 7, 2006, 05:46 AM


Who have you tried? The non-US citizen could be a block.
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Salehd's Avatar
Salehd Posts: 3, Reputation: 1
New Member
  
#6

Sep 9, 2006, 01:41 AM
Hi;
I tried http://www.sharebuilder.com/
https://uk.etrade.com
www.smartstocks.com
And many other sites which I don't remember their names or address
Best regards
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Fr_Chuck's Avatar
Fr_Chuck Posts: 72,965, Reputation: 37216
Expert
  
#7

Sep 9, 2006, 07:11 AM


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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FiatCredit's Avatar
FiatCredit Posts: 8, Reputation: 0
New Member
  
#8

Dec 2, 2006, 03:10 PM
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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Bairdh's Avatar
Bairdh Posts: 22, Reputation: 44
New Member
  
#9

Jan 12, 2007, 11:46 PM
Quote:
Originally Posted by Salehd
Hi;
How can I buy stocks for long term investing using credit card?
Note: I am not a US citizen.
Look into talking to Nate @ Smart Futures Broker - Commodity brokers for futures and option trading, Online futures trading. tell him David Hammond told you to call
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pordoy2's Avatar
pordoy2 Posts: 3, Reputation: 10
New Member
  
#10

Jun 24, 2010, 01:43 AM
Comment on FiatCredit's post
Quote:
Originally Posted by FiatCredit View Post
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?
Are you a scammer also, FiatCredit? It seems your very sarcastic remark/reply tells about your personality.
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