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Jacob
 May 22, 04 - 9:16 AM |
Moving to America, need some long term investment advice
Hello I'm currently 17 years old and a citizen of the United Kingdom. I hope to get qualifications here and then immigrate to America to become a teacher. If nothing bad happens, I should be starting work there in about 5 years. However, I need help. I want to start investing for the long-term with the focus on capital growth, not regular income. I want to put regular deposits in my investment for the rest of my working life, I think you call it dollar cost averaging. However, I'm not sure what route to take. Should I start investing in a US scheme straight away or should I wait until I actually get work in the US? Or would the better choice be to try for short term capital gains in the UK and then transfer my money to a scheme in the US? thanks |
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Charles Worthman
Jun 7th, 2004 - 9:22 PM |
Re: Moving to America, need some long term investment advice
The problem with trying for short term gains is that they don't always come. For instance if you had started invested about 4 months ago you would have lost a fourtune. If long term is your oreintation then you should go for it. 2)Most stocks that are traded are traded in more then one market usally a forien market and a US market. Esspessily with bigger Euro companies a lot of times they are traded as ADR's in the US. I don't know what the policies of UK brokers are but most likley you can buy what you knwo as someone who lives in the UK and then when you come here it won't be hard to find info on those same stocks. |
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