“For many investors, investments on bourses across the ocean are like a second job. After they finish their working hours, they take several hours to make money on foreign bourses. The average value of a trading account opened by our clients is as much as EUR30,000,” said Sergiu Mandis, head of the trading department of Fairwind Securities brokerage, controlled by Dinu Patriciu.
US bourses open at 16.30 Romanian time, with the last transaction taking place at 23.30.
On US bourses, Romanian investors place money into the stock of IT companies, such as Apple (a 48% increase in 12 months), Microsoft (up 8%), Dell (up 30%). Romanians face high risks and costs by investing on US markets. Their profits can be hurt by exchange rates. Investors also need to be familiar with US market accounting reporting standards.
Brokers say that to cover trading costs, an investment on the US stock market should be worth at least EUR10,000-15,000.
(English version by Catalina Apostoiu, editing by Loredana Fratila-Cristescu)