So in summary.....
The Pros.....
----Actively managed company by none other than me main man Mr Warren Buffet (sorry couldn't help doing the Ali G impersonation)
----good diversification. N.b. This portfolio tracker which gives the current stocks in the fund.
http://www.cnbc.com/id/22130601
----Traded as a U.S. share therefore no stamp duty, capital gains at 33% and loss relief.
----No distribution of dividends therefore avoiding (income tax 20/40%, USC and PRSI And of course the extra admin work in fileing this (form11).
----dividends I guess are reinvested therefore benefiting from the compounding effect.
----very low costs. The website I looked at showed a TER for this share as 0. Can that be correct?
The Cons
----Although diverse it is entirely based on the US market.
----The unpredictable medium to long term ramifications of Buffett's passing?????
----Currency conversion costs and currency risk. If the euro strengthens during the period you are invested in this company it will dampen your profits.
----It is unlikely we will ever see the phenomenal growth rate of past years however we now benefit from the underlying stocks being larger and more stable.
Anything else to add/remove ?