Apple stock

Discussion in 'Apple, Inc and Tech Industry' started by mhuk01, Mar 27, 2011.

  1. mhuk01 macrumors 6502

    Joined:
    Jul 5, 2006
    Location:
    South West England
    #1
    Hello

    I'm hoping someone (with more experience at this than me) can help. I'm a UK citizen currently working in the US. I'm paid in cash and have been paying this into a US bank account. I finish my contract and head back to the UK in a month or so, and would prefer to keep my money in US dollars at the moment (until I can get a good exchange rate).

    As I'm not getting any interest on the money, I would like to invest it in some Apple stock. I have researched this but cannot seem to find the best way of doing this. It seems I have to be a US citizen for most brokers to help me? And I'd rather use US brokers instead of UK as my money is in a US bank account.

    If anyone has any advice as to how I as a british citizen can invest USD into a US company that would be great.

    Thanks

    Martin
     
  2. maflynn Moderator

    maflynn

    Staff Member

    Joined:
    May 3, 2009
    Location:
    Boston
    #2
    You realize that putting all your money in one stock increases the risk of losing some of your investment.

    With apple stock at an all time high, its hard to fathom that you could make a decent return on that. There are other investment instruments that may provide a better return on your money.
     
  3. UTclassof89 macrumors 6502

    UTclassof89

    Joined:
    Jun 10, 2008
    #3
    ^ ditto.

    I think I'd expect a better return from a Nigerian prince over Apple stock at this point.
     
  4. mhuk01 thread starter macrumors 6502

    Joined:
    Jul 5, 2006
    Location:
    South West England
    #4
    just to clarify, i'm not asking for advice in if I should invest. I understand concerns that apple has hit an all time high, but I strongly believe it will only increase in the next year.

    If anyone has any advice as to how I can do this that would be great.
     
  5. Consultant macrumors G5

    Consultant

    Joined:
    Jun 27, 2007
    #5
    Stock accounts typically need social security number I believe.
     
  6. rdowns macrumors Penryn

    rdowns

    Joined:
    Jul 11, 2003
    #6

    Call your local discount broker's office- TD Ameritrade, eTrade and ask them if it's possible.
     
  7. maflynn Moderator

    maflynn

    Staff Member

    Joined:
    May 3, 2009
    Location:
    Boston
    #7
    +1

    Getting advice on the internet about whether its possible is not going to get you what you need. Calling a brokerage firm will quickly enough confirm if this possible.
     
  8. maccompaq macrumors 65816

    maccompaq

    Joined:
    Mar 6, 2007
    #8
    The stock analysts have target prices on Apple as high as $550.
    I have absolutely no doubt that will happen, so I am holding my large position in Apple.

    A broker can give you suggestions how to buy without a SS#.
     
  9. maflynn Moderator

    maflynn

    Staff Member

    Joined:
    May 3, 2009
    Location:
    Boston
    #9
    The OP has suggested that he doesn't want investment advice, i.e., the wisdom of putting all of his money in one stock thats at an all time high, but rather how can he actually go about purchasing the stock using US dollars without a social security number.
     
  10. onthecouchagain macrumors 604

    onthecouchagain

    Joined:
    Mar 29, 2011
    #10
    What about investing in ARM Holdings or Intel stocks? Since Apple shares are incredibly high right now, thus difficult to afford, would it be wiser to invest in their parts? ARM is expected to be in iPhone 5, and presumably in iPad 3 and the next iPod... and all of those items sell extremely well. We can only expect them to sell even better as Apple increases their user base through Verizon and as they enter China.

    Anyone have stocks in either ARMH or Intel? I am considering investing. Thoughts?
     
  11. infidel69 macrumors regular

    Joined:
    Feb 25, 2011
    #11
    Apple stock hasn't done anything this year.Whatever you do don't put all your money in one stock. Wait for Ford to drop a little more because of the recall and then buy their stock instead. I purchased a thousand shares back in 08 when it was $2.08 and now I wish I would of bought more.
     

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