How to Buy from Sweden's Foreign Stock Index Online
- 1). Figure out how much you intend to invest. Be cognizant of the risks involved. Take the long-term view, bearing in mind that your investment may be tied up for some time.
- 2). Research the Swedish stock indices and decide on which index you want to invest in. They include OMX Nordic Mid Cap, OMX Stockholm PI (OMXSPI), OMX Stockholm 30 (OMXS30), and Stockholm Stock Exchange Index SX-16.
- 3). Pick an online brokerage that meshes with your investment style. Several online brokerage firms offer online trading for a nominal fee. Most charge a monthly fee and an additional amount ranging between $3 to $20 for individual trades. Some allow you to make automatic monthly investments for a fixed monthly fee. There are also companies, such as Neonet, that specialize in trading in the Swedish and U.S. markets, as well as other major markets of the world.
- 4). Open a brokerage account that allows you to buy Swedish indices directly. Some online brokerages may require you to submit an application to buy foreign stocks. Euro Pacific allows you to trade in foreign stocks directly. Find a link to Euro Pacific in the "Resources" section.
- 5). Link your checking and brokerage accounts, transfer the necessary funds and start buying stock from the Swedish indices.
