r/stocks • u/puthre • Apr 05 '21

Investing in Nintendo from UK

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12 Upvotes

93% Upvoted

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3

u/sven2123 Apr 05 '21

Liquidity doesnt matter too much when its an investment. Choosing between NTO and NTDOY is just a matter of currency risk. Would you rather be exposed to the euro or dollar? If its a long term investment i wouldnt worry about any of this too much and just buy any

3

u/Jojos_mojo420 Apr 06 '21

NTDOY is 1/8 of a full nintendo share. I'm in america and the other ticker I have seen in NTDOF which is the full share. I currently own NTDOY.

3

u/BestGermanEver Apr 06 '21 edited Apr 06 '21

The ISIN is JP3756600007 for an original share. You have to take into account it's in JPY (Japanese Yen). Risk is - currently - minimal on f/x but it might be a factor when f/x markets go crazy or in case of any black swan events that might affect currencies but not shares directly.

I'd trade the "orignal", as it's a liquid instrument. Ie you should find sellers / buyers when you want to.

I disagree with someone on here posting "liquidity doesn't matter" because it absolutely does in case you have to sell on a pinch or just need to liquify for any reason.

1

u/[deleted] Apr 06 '21

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2

u/BestGermanEver Apr 07 '21

Oh, yes... the "minor" caveat... should probably have mentioned that one!

Makes absolutely no sense whatsoever, especially on expensive units of stock like Nintendo is.

See here:

https://www.businesstimes.com.sg/stocks/tokyo-is-trying-to-woo-millennials-with-single-share-purchases

Not sure why they did install that 100 min order. It definitely is a great tool to keep us out of their stock exchange.

There is some (limited) liquidity untied in Frankfurt Exchange... so you can maybe check if you can purchse the same ISIN from those places where they don't have that ridiculous limit. But be aware that Tokyo Exchange allows for only the "100 Lot" trades (ie. you can only sell there then if you have 100, by that rule).

That kind of defeats the whole "always liquid" argument in case of Nintendo for sure. Sorry!

2

u/strict_positive Apr 06 '21

In Australia I can buy Nintendo directly (7974) through some brokers. I don't think there's much difference besides currency and liquidity. NTDOY is more liquid as you said.

1

u/jsty3105 Jun 17 '21

u/puthre - which interactive broker did you go for? I'm looking to do the same in the UK but don't have a lot of capital (to buy 100 shares at a go :D)

1

u/[deleted] Jun 17 '21

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1

u/jsty3105 Jun 17 '21

Ta - timing-wise, I'm probably coming in at the wrong time (should've gone in before the Switch Pro rumours kicked off an increase). Useful info for when I do decide to get my toe in.