CrossBones Posted July 3, 2023 Share Posted July 3, 2023 I have money in Thailand which i cant remit overseas easily, I wish to buy Tesla stocks. Is there some way I can get a brokerage account or some other way to buy this stock with my Thai baht, Thank you Link to comment Share on other sites More sharing options...
wordchild Posted July 3, 2023 Share Posted July 3, 2023 open a international (incl US) trading account with a local (Thai) broker. There are a few which have such an account eg Asia Plus Securities. 1 Link to comment Share on other sites More sharing options...
CartagenaWarlock Posted July 4, 2023 Share Posted July 4, 2023 Can't you remit to a US bank (or any other UK/Europe banks) after converting to their local currency? Sorry maybe you don't have one Link to comment Share on other sites More sharing options...
Foxx Posted July 4, 2023 Share Posted July 4, 2023 6 hours ago, CrossBones said: I wish to buy Tesla stocks. I think you'd be better off spending your money on psychiatric treatment, but that's just my opinion on Tesla. A Google search of "site:aseannow.com poems broker" will get you some reasonable broker suggestions. 1 Link to comment Share on other sites More sharing options...
anchadian Posted July 4, 2023 Share Posted July 4, 2023 Many years ago I had an account with TD Waterhouse now called TD. Contact them. https://www.td.com/ca/en/investing Link to comment Share on other sites More sharing options...
bkk6060 Posted July 4, 2023 Share Posted July 4, 2023 Schwab international account with do a currency exchange for a fee. As far as Tesla; several predictions are it will increase by 1000 % over the next ten years. It is not just a car company, but innovators in AI and clean energy, batteries, etc. I believe it is a very good long term hold. 1 Link to comment Share on other sites More sharing options...
Everyman Posted July 4, 2023 Share Posted July 4, 2023 3 minutes ago, bkk6060 said: Schwab international account with do a currency exchange for a fee. As far as Tesla; several predictions are it will increase by 1000 % over the next ten years. It is not just a car company, but innovators in AI and clean energy, batteries, etc. I believe it is a very good long term hold. Yeah, well I predict it will go up 10,000% There you have it, another prediction. See how it easy it is make them? Seriously though, it would be nice to know if Thailand has any online trading platform like have existed for decades in the US. This stuff about “calling a broker” seems very 1970s to me. Link to comment Share on other sites More sharing options...
Everyman Posted July 4, 2023 Share Posted July 4, 2023 If I were you I would buy stock in lithium mines, because idiotic governments are mandating electric cars but there isn’t enough lithium in the entire world to make enough batteries. Consequently the price of lithium will be astronomical in 5 years. In twenty years it will be normalized however because there will be newer battery technologies and the lunacy of electrification will be historical by then. 1 Link to comment Share on other sites More sharing options...
ChaiyaTH Posted July 4, 2023 Share Posted July 4, 2023 14 minutes ago, Everyman said: If I were you I would Yeah except you are not him and if your opinions and views were any good you been loaded. Link to comment Share on other sites More sharing options...
CrossBones Posted July 4, 2023 Author Share Posted July 4, 2023 5 hours ago, Everyman said: Yeah, well I predict it will go up 10,000% There you have it, another prediction. See how it easy it is make them? Seriously though, it would be nice to know if Thailand has any online trading platform like have existed for decades in the US. This stuff about “calling a broker” seems very 1970s to me. Actually I am alright with a traditional broker since I just want to buy one stock and hold long term Link to comment Share on other sites More sharing options...
CrossBones Posted July 4, 2023 Author Share Posted July 4, 2023 I need to transfer to a broker in Thailand (Ie in Thai baht) I cant transfer money out of Thailand easily Link to comment Share on other sites More sharing options...
CrossBones Posted July 4, 2023 Author Share Posted July 4, 2023 Has anyone tried this? https://www.kasikornbank.com/en/personal/invest/Pages/stock.aspx For International stocks Link to comment Share on other sites More sharing options...
wordchild Posted July 4, 2023 Share Posted July 4, 2023 (edited) 2 hours ago, CrossBones said: Has anyone tried this? https://www.kasikornbank.com/en/personal/invest/Pages/stock.aspx For International stocks Kasikorn- Personally not tried them. but what you want to do is really not especially complex or difficult. As i understand, you want to buy one international stock and hold it forever. so transaction costs really are completely irrelevant! Custodian fees now , and in the future , are more relevant. As i mentioned above , there are a number of Thai brokers who can do this for you, you just need to look around. you need 1) a broker who offers an international trading service for Thai based individuals 2) who will accept you as a client. and where 3) the transaction costs and long-term custodial fees are not high and reasonable. go searching! Edited July 4, 2023 by wordchild Link to comment Share on other sites More sharing options...
kuzie57 Posted July 5, 2023 Share Posted July 5, 2023 Google "SAXO BANK" in Singapore, you can open an online trading account with them quite easily. Link to comment Share on other sites More sharing options...
AgMech Cowboy Posted July 5, 2023 Share Posted July 5, 2023 I suggest you go to UOB Kay Hian Securities Thailand PCL. They're located in the Sindhorn Tower Building - Office / Office 130-132 Wireless Road, Lumpini Subdistrict , Pathum Wan District, Bangkok. I think that's across the street from the US Embassy. UOB Kay Hian Securities (Thailand) Public Company Limited operates a securities business. The Company is licensed to conduct securities brokerage, securities trading, investment advisory, and securities underwriting in many stock exchanges worldwide. UOB Kay is also licensed to provide financial advisory and unit trusts agency. I wish I'd known about them in 1998, but didn't until 2010. It's very easy to set up an account. Link to comment Share on other sites More sharing options...
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