So, I want to buy nintendo Stock, but I'm in canada.. Any help? Should I buy it?

Discussion in 'General Gaming' started by Nitrosoxide, Jun 6, 2007.

  1. Nitrosoxide

    Nitrosoxide Resolute Member

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    Anyways as the topic says, I seriously thinking of making a fairly large investment in nintendo. My gut seems to tell me that the company is in a new era and is about to enter a new period of growth.

    The Wii is selling like crazy, as is the DS. Plus, E3 is coming up and new press releases and annocements should bring it up even higher.



    Are my "fan-boy googles" blinding me. Or is it a solid investment?


    Also, I really need help figuring out how exactly to buy the stock as a Canadian.

    Nintendo.com says

    " Nintendo of America Inc. is a wholly owned subsidiary of Nintendo Co., Ltd., which is located in Kyoto, Japan. Although ordinary Nintendo stock shares are traded only through the Tokyo and Osaka stock exchanges, un sponsored American Depository Receipts (ADRs) are available on the over-the-counter market. For more information, please contact a local stock brokerage firm."

    But, I'm not American. So I'm not exactly sure where I should go from here.
    Sorry for the idiocy if I am, but I'm sort of new to this.
     
  2. Taucias

    Taucias Site Supporter 2014,2015

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    If you have a stock portfolio and an investment company maintaining it then it should really just be a case of calling them and enquiring. The country you live in should not govern who you are able to invest in. If your stock broker does not invest in foreign markets then you should seriously think about trading with someone else!
     
  3. Tachikoma

    Tachikoma Officer at Arms

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    A "large" investment to you might only get you a fistful of shares. With the stock exchange, investing any amount of money without getting real financial advice is risky. Yes on paper Nintendo are doing well, but it only takes one episode of Reggie getting caught is an opium den to make stocks drop for example.

    I personally wouldn't bother, you stand to make money with less risk putting it in a low-risk ISA and having others play the market for you.
     
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