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I am trying to ask a questions like these:

  1. Which security should I buy: a foreign-listed bond issue with a five-letter ticker ending with "Q", or a domestically-listed convertible preferred share issue with a five-letter ticker ending with "A"?

    Is my use of the colon correct? Should I have used an em-dash instead? For example: "Which security should I buy — a foreign-listed ...".

  2. Which one do people usually buy — the first one, or the second?

    Is my use of the em-dash correct, or should I have used an em-dash instead?

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The : is more correct. Either is understandable. Though if you're going for really correct, you're better off with:

Should I buy a foreign-listed bond issue with a five-letter ticker ending with "Q", or a domestically-listed convertible preferred share issue with a five-letter ticker ending with "A"?

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