I have been inspired to open an international trading account with CommSec recently. While I am excited to be expanding my horizons, I also noticed that the transaction costs of buying $US and purchasing shares will be significantly higher than simply continuing to buy Australian. I was wondering if you had considered posting some information on how to minimise transaction costs and/or sharing your views on the quality/cost of different brokers, particularly when it comes to going international.
Editor’s response: Thanks for your letter. It’s great to hear you’re getting started in international investing. There is some information about the cost of different brokers here: Buying overseas stocks: A Eureka guide, July 28, 2014.