As US domiciled ETFs and all the tax advantages associated with them are no longer available to us, has anyone considered just sticking a large chunk of their funds in Berkshire Hathaway, or other similar companies with large diversified multinational holdings.
Pros
Very diversified multinational holding
Managed by the legendary warren buffet and Charlie munger.
33% CGT (not 41% as with “accumulating” ETFs...accumulating is where dividends are automatically reinvested)
Losses can be offset
And the company pays no dividends (a benefit to those in the higher tax bracket).
(This would I think be the closest thing to a US domiciled ETF which accumulates dividends rather than paying out. Of course this type of ETF which would be very popular for many I believe doesn’t exist. Also US ETFs are not available any more to Irish based folk.)
I don’t think their is any specific management fee like an ETF.
Cons
Nobody knows what impact the passing of buffet and munger will have on the stock price. I believe they are both in their 90s.
I am sure their are other cons...?
Anyone know of other similar companies?
I think this company has been discussed before many years ago but I couldn’t find the thread.
Pros
Very diversified multinational holding
Managed by the legendary warren buffet and Charlie munger.
33% CGT (not 41% as with “accumulating” ETFs...accumulating is where dividends are automatically reinvested)
Losses can be offset
And the company pays no dividends (a benefit to those in the higher tax bracket).
(This would I think be the closest thing to a US domiciled ETF which accumulates dividends rather than paying out. Of course this type of ETF which would be very popular for many I believe doesn’t exist. Also US ETFs are not available any more to Irish based folk.)
I don’t think their is any specific management fee like an ETF.
Cons
Nobody knows what impact the passing of buffet and munger will have on the stock price. I believe they are both in their 90s.
I am sure their are other cons...?
Anyone know of other similar companies?
I think this company has been discussed before many years ago but I couldn’t find the thread.