How a Stock ADR Could Make You Huge Profits
In my eyes, one of the best ways to send yourself into financial freedom is by investing in a stock ADR. A stock ADR has the potential to lift profits to well over 200% in a relatively shot period of time. I've done it and I've experience first hand how a stock ADR can transform your life.
I'd like to cover what a stock ADR is in detail as these seemingly under utilized investments generally go by under the radar.
The acronym ADR stands for American Depository Receipt. The emergence of ADRs goes way back to the year 1927, where ADRs were introduced to let U.S. banks purchase shares from a foreign company and re-issue them as Depository Receipts and in turn, list them on the American Stock Exchanges.
The stock of many non-US companies trades on US exchanges through the use of ADRs. Each stock ADR is issued by a U.S. depository bank and represents one or more shares or a fraction of the foreign share.