Choosing Stockbrokers in Spain
Choosing stockbrokers in Spain involves speaking with your own broker to explore the options of investing in Spanish stocks, as many brokerage companies are linked with international companies all over the world. Find a stockbroker in Spain with information from a portfolio manager in this free video on finance.
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Habla Espanol! Hi, this is Roger Groh with Groh Asset Management. Are you considering investing in Spain and wondering how to do it? Well, in the old days you actually had to go and find those stock broker or a bank that traded stocks in Spain. How would you do that? Well, certainly you could look in the yellow pages or online or better yet, you would know somebody who had dealt with somebody and have found them sophisticated and trustworthy and received their referral. Today, you may not have to do that as most online trading systems around the world give you the right to trade another countries. You would have to talk to your own broker wherever you're based in order to determine what that might be. Last, many firms are multinational today and have offices all the way across the world. So for instance, if you're in Goldman Sachs, you might, in New York, you might ask the people at Goldman Sachs in New York for the phone number of somebody in Madrid that you could call to get information or do trades in Madrid. That would be the way I would do it. The largest bank in brokerage firm in Spain is Santander; had to be a good place to start. Santander.com; they're located all the way around the world and you can certainly contact them in your host country for referral back into Spain. Spain's a terrific place to make investments, but like anywhere else, do your homework. Know a lot about the currency situation in Spain; know a lot about the company that you're considering putting your money into and then last but not least, try to understand the politics. It takes positive things happening in all three to make money when you start to think about cross boarder investing. Hope that helps; I'm Roger Groh with Groh Asset and thank you very much for spending time with me.