Foreign Companies Traded on US Exchanges
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Foreign Companies Traded on US Exchanges Do any clubs have experience buying foreign company stock traded on the NYSE? Our relatively new club is interested at looking at Alibaba, Moet Hennessy Louis Vuitton and some Canadian cannabis companies. However, Bivio has cautioned that foreign companies can create accounting problems when they go through reorganizations, special distributions and stock market listing changes. We’re wondering how complicated this may get as we do not use a CPA. Thank you! Lori My recommendation is to follow Bivio's recommendations and avoid any transactions that would make the Treasurer's job difficult. You can still study these companies as a club but do any purchases as individuals. Contact Bivio before you buy anything other than US common stocks for their recommendation. Good luck! Do any clubs have experience buying foreign company stock traded on the NYSE? Our relatively new club is interested at looking at Alibaba, Moet Hennessy Louis Vuitton and some Canadian cannabis companies. However, Bivio has cautioned that foreign companies can create accounting problems when they go through reorganizations, special distributions and stock market listing changes. Frank Wilson 850 723-4194 Hi, our Club once bought Ali Baba and we had no problems. If you buy a foreign company on the US exchanges it is OK they are called ADR. Sent from my iPad > On May 3, 2019, at 23:36, Lori MacPherson via bivio.com <user*37573500001@bivio.com> wrote: > > Do any clubs have experience buying foreign company stock traded on the NYSE? Our relatively new club is interested at looking at Alibaba, Moet Hennessy Louis Vuitton and some Canadian cannabis companies. However, Bivio has cautioned that foreign companies can create accounting problems when they go through reorganizations, special distributions and stock market listing changes. > > We’re wondering how complicated this may get as we do not use a CPA. > > Thank you! > > Lori Our club bought Gildan, its Canadian, charges foreign tax, but no problems so far > On May 4, 2019, at 7:29 AM, devojake via bivio.com <user*13075900001@bivio.com> wrote: > > Hi, our Club once bought Ali Baba and we had no problems. If you buy a foreign company on the US exchanges it is OK they are called ADR. > > Sent from my iPad > >> On May 3, 2019, at 23:36, Lori MacPherson via bivio.com <user*37573500001@bivio.com> wrote: >> >> Do any clubs have experience buying foreign company stock traded on the NYSE? Our relatively new club is interested at looking at Alibaba, Moet Hennessy Louis Vuitton and some Canadian cannabis companies. However, Bivio has cautioned that foreign companies can create accounting problems when they go through reorganizations, special distributions and stock market listing changes. >> >> We’re wondering how complicated this may get as we do not use a CPA. >> >> Thank you! >> >> Lori > ADR’s are easily managed with Bivio. It would be enhanced if there was an expense category for ADR fees within the dividend entry choices or when recording expenses in cash accounts.
Sent from my iPhone On May 4, 2019, at 11:22 AM, MARY FRAN NOVAK via bivio.com <user*7094300001@bivio.com> wrote: Our club bought Gildan, its Canadian, charges foreign tax, but no problems so far > On May 4, 2019, at 7:29 AM, devojake via bivio.com <user*13075900001@bivio.com> wrote: > > Hi, our Club once bought Ali Baba and we had no problems. If you buy a foreign company on the US exchanges it is OK they are called ADR. > > Sent from my iPad > >> On May 3, 2019, at 23:36, Lori MacPherson via bivio.com <user*37573500001@bivio.com> wrote: >> >> Do any clubs have experience buying foreign company stock traded on the NYSE? Our relatively new club is interested at looking at Alibaba, Moet Hennessy Louis Vuitton and some Canadian cannabis companies. However, Bivio has cautioned that foreign companies can create accounting problems when they go through reorganizations, special distributions and stock market listing changes. >> >> We’re wondering how complicated this may get as we do not use a CPA. >> >> Thank you! >> >> Lori > We had some foreign companies and it did make it difficult for the treasurer. Our club decided best to avoid foreign companies as advised by Bivio. ADR's are easily managed with Bivio. It would be enhanced if there was an expense category for ADR fees within the dividend entry choices or when recording expenses in cash accounts. I agree completely. Sent from my iPhone > On May 4, 2019, at 11:46 AM, Roman Geletkanycz via bivio.com <user*17361700001@bivio.com> wrote: > > ADR’s are easily managed with Bivio. It would be enhanced if there was an expense category for ADR fees within the dividend entry choices or when recording expenses in cash accounts. > > Sent from my iPhone > > On May 4, 2019, at 11:22 AM, MARY FRAN NOVAK via bivio.com <user*7094300001@bivio.com> wrote: > > Our club bought Gildan, its Canadian, charges foreign tax, but no problems so far > >> On May 4, 2019, at 7:29 AM, devojake via bivio.com <user*13075900001@bivio.com> wrote: >> >> Hi, our Club once bought Ali Baba and we had no problems. If you buy a foreign company on the US exchanges it is OK they are called ADR. >> >> Sent from my iPad >> >>> On May 3, 2019, at 23:36, Lori MacPherson via bivio.com <user*37573500001@bivio.com> wrote: >>> >>> Do any clubs have experience buying foreign company stock traded on the NYSE? Our relatively new club is interested at looking at Alibaba, Moet Hennessy Louis Vuitton and some Canadian cannabis companies. However, Bivio has cautioned that foreign companies can create accounting problems when they go through reorganizations, special distributions and stock market listing changes. >>> >>> We’re wondering how complicated this may get as we do not use a CPA. >>> >>> Thank you! >>> >>> Lori >> >
I agree completely. |
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