For the last couple of months I have been going through the process of opening an account in Iceland. I am almost there. My paperwork has been received (after three attempts) and now the bank is getting me an Icelandic ID number (part of the process) which hopefully will be squared away in a week or two.
I first wrote about Iceland as an investment destination last spring. For now the only direct access is to open an account in Iceland. There is no buying stock through a US account.
I still need to figure out what I will buy but I am leaning to a 50/50 allocation to stocks and bonds but this is still up in the air.
When this is done I plan to write about the entire experience with more detail.
Wikinvest Wire
3 comments:
Fascination work, Roger. Can I obtain the bank/brokerage you opened an account with. I would be interested if the ISK goes down..
Here is a link that predicts a fall in the currency..
http://www.jbpb.com/files/analysis/analysis_664E1933-E0C5-41D0-A067-44321E8F683B.pdf
I would also very much appreciate hearing what bank/brokerage you are working with. Some months back (after you had written about Iceland), I did more research and wanted to open a small account. I e-mailed and phoned an Icelandic bank here in NYC and was very politely told it wasn't possible.
The bank I am working with is Kaupthing. You can find there website, click on the English flag for the english version.
If/when I get to the point where I am wiring money up there I will detail the entire story.
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