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Investing to become financially independent
Investing to become financially independent
Home › Forum › Dividends & stock market › National or foreign scholarship
Good evening,
I am new to this stock market stuff... and I am reading a lot of information on your site, which I find very exciting.
I would like to know:
1 – What is the difference between buying a security (from company x which is American) from Postfinance (Swiss trader) or from a foreign trader?
2 – At the tax level (for a person domiciled in Switzerland) does that change anything?
3 – Is it possible to buy a stock of an American company x on the American or Swiss stock exchange, that is, a company that is listed on 2 stock exchanges?
4 – If yes, what is the difference between buying this security on the NY stock exchange or on the Swiss stock exchange?
PS: When I registered on your site I received an Excel file but I don't know where I saved it, is it possible to send it to me again please.
Thank you very much for your answers.
Good morning
and thank you for your compliments.
Here are my answers:
1 – What is the difference between buying a security (from company x which is American) from Postfinance (Swiss trader) or from a foreign trader?
– Lower brokerage fees can be expected from some foreign traders, such as Interactive Brokers
– there will be no Swiss withholding tax on dividends. For example, with a US account, there will only be the US withholding tax of 15%. But since automatic exchanges of information are just around the corner, you have an interest in declaring your account. So this advantage is no longer really one.
2 – At the tax level (for a person domiciled in Switzerland) does that change anything?
See above.
3 – Is it possible to buy a stock of an American company x on the American or Swiss stock exchange, that is, a company that is listed on 2 stock exchanges?
Yes. Big caps are often listed on multiple markets. Personally I prefer to buy them on their home market, but ultimately it doesn't change much.
4 – If yes, what is the difference between buying this stock on the NY stock exchange or on the Swiss stock exchange? As mentioned above, it doesn't change much. It's more a question of habit. Since I trade almost exclusively US stocks, I place my orders most of the time on the NYSE. So I don't ask myself the question of whether the stocks are tradable or not on SWX.