The United States – a land of opportunity!
Who doesn’t want to settle down in the USA? It is a developed economy that attracts Indians with the NRI dream in their eyes.
While settling down in the US can be challenging, investing isn’t.
Yes, you read it right!
You can invest in leading companies like Apple, Facebook, Google, Amazon, etc., listed on the US stock exchange, viz. NASDAQ. And that too from India. You don’t have to be an NRI or a US citizen to invest in US stocks. Investing in US stocks from India is legal and as simple as investing in Indian stocks.
Are you intrigued?
Thanks to the Liberalized Remittance Scheme (LRS) introduced by the RBI, investing in US stocks has become easy.
If you are wondering about how to start, here’s a quick guide –
- First, open a Demat account with an Indian brokerage house with a tie-up with a US brokerage house to facilitate buying US stocks.
- Open a bank account, for trading, with a bank that is designated as an Authorized Person under the LRS Scheme. Link your bank account with the Demat account.
- Many Indian banks offer a 2-in-1 Demat and bank account that allows you to trade in US stocks. You can choose these accounts to kill two birds with one stone!
That’s it! You are done!
You can remit up to USD 250,000 in a year to trade in US securities. Alternatively, you can invest in international ETFs or mutual funds that, indirectly, invest in a portfolio of US stocks if you don’t want to trade directly. ETFs and mutual funds are easier and give you the benefit of a diversified portfolio.
Bottom line
By allowing yourself to consider investing in foreign markets, you can introduce an extra element of diversification to your portfolio. With information at our fingertips, exploring and analysing stocks is easier than before. Nonetheless, it is vital to remember that international stock investing has certain pros and cons. Hence, ensure that you consider all aspects and invest according to your financial goals and risk tolerance.
So, stocks, ETFs, or mutual funds, you name it, and you have it. The investment avenue for investing in US stocks is open, whichever tool you choose. So, diversify your portfolio and get a taste of the US economic development too.
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