I am not able to buy luxurious good stocks like LVMH and Hermes on US stock exchange. Is it is advisable to buy from European market as I don't hear investors here buying outside the US and HK? - Seedly
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Mykonos Lee

Asked on 13 May 2020

I am not able to buy luxurious good stocks like LVMH and Hermes on US stock exchange. Is it is advisable to buy from European market as I don't hear investors here buying outside the US and HK?

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Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Jul)

Level 9. God of Wisdom
Answered on 13 May 2020

LVHM, L'Oreal and some other luxury stocks really had astounding performances.

Did You consider American Depository Receipts (ADRs)?, that way a lot of big companies of

Europe (and elsewhere) are tradable on the OTC markets in the U.S.

f.ex. LVMUY ADR as a substitute for LVHM. Only the annual fees by the issuing company

are maybe too high (1-3% annually I guess).

Single stock investing anyway is not a good longterm strategy (... but almost nobody wants to hear/buy that ...)

My own thinking:

https://seedly.sg/questions/what-is-your-general-investing-philosophy-strategy

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Wilson Nid A Break
Wilson Nid A Break
Level 9. God of Wisdom
Answered on 13 May 2020

Always advisable to buy good-quality companies, nothing fishy about going to European market to fish for stocks.

The usual boring cons would be forex,wht etc etc

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