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BMW stocks
This may be an off-topic thread. Does any of you not only buy BMW cars, but also own a tiny portion of the company, even say 100 shares?
If I want to buy BMW stocks, what stock symbol should I use in US? BAMXF or what? How much is the overhead in trading foreign stocks (in addition to regular commission fee)? I assume it is traded in Euro, so its price to us is also a foeriegn exchange rate factor, right?
I believe BMW is a great company in long term fundamental, although it's short on something. I'd rather trust a "stubbon engineering" company rather than a "good at nothing but playing numbers" company like GM.
| | Reply » BMW stocks |
The exchange rate is definitely unfavorable at this time.
http://stocks.us.reuters.com/stocks/...symbol=BMWG.DE
Personally I wouldn't own it but I'm not a sentimental investor. 
| | Reply » BMW stocks |
Agreed. Even if you thought the company fundamentals were sound, the exchange rate could kill any gains.
I don't bet on sports teams I care about, and I don't buy stocks in companies that I have an attachment to (other than the one I work for, and that stock is granted, not purchased).
| | Reply » BMW stocks |
I love my bimmer but I don't think i'd buy their stock. Just doesn't seem that it would do much. Even so, I still watch it, guess that's as far as my sentimental mentality goes as far as this stock is concerned.
I'd say keep your eye out for other investments. There are some decent ones out there.
As far as automotive stocks, I keep watching Ford as a turn around of sorts but I still don't quite know how I feel about it.
| | Reply » BMW stocks |
Quote: This may be an off-topic thread. Does any of you not only buy BMW cars, but also own a tiny portion of the company, even say 100 shares?
If I want to buy BMW stocks, what stock symbol should I use in US? BAMXF or what? How much is the overhead in trading foreign stocks (in addition to regular commission fee)? I assume it is traded in Euro, so its price to us is also a foeriegn exchange rate factor, right?
I believe BMW is a great company in long term fundamental, although it's short on something. I'd rather trust a "stubbon engineering" company rather than a "good at nothing but playing numbers" company like GM. | The BMW common stock/ordinary share is at a ten year high at the moment, at about Euro50 each. You can also buy BMW corporate bonds. The shares are primarily listed in the Frankfurt exchange. I follow Reuters, which use "BMW.DE".
| | Reply » BMW stocks |
Thank you for all of the good points. I still feel that BMW is a good company to make long-term investment, but you are right, the timing now may be bad.
Overall, I like this kind of "engineering stubborn" company. Recalling 10 years ago when the SUV was red hot, BMW had no SUV. It owned Land Rover then, so it should be a no-brainer to rebadge a LR and called it "BMW X5" or whatever. But BMW was "stubbron", it would rather miss the market for several years than throw out something not "BMW-ise". Ford, at its golden time, was cash-rich, but it spent most of the money in somewhere else, e.g., Ford Fiancial Service, rather than investing in its core product - cars. As the result, Ford cars are still the 2nd class in terms of performance and reliability, and when the SUV fest is over, it's in deep trouble. So in long-term, I don't trust any of American auto makers, though they may be good targets for short-term bottom fishing.
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BMW stocks