Is this allowed?Not financial advice. But you can invest in US based ETFs without the tax headache. To do this, you can use First Trade in the US to open an international trading account and invest in some US domiciled ETFs that way (eg. the ARK ETFs)
You would have to worry if they closed your positions on that basis, where would you transfer your shares? You would run into problems there so for that reason the average punter is probably better off in EU accumulating ETFS.Its not illegal. The company in the US shouldn't technically allow Irish citizens to sign up according to EU law, but that's on them, not you. Again, this is not financial advice
Have you managed to do this recently?Not financial advice. But you can invest in US based ETFs without the tax headache. To do this, you can use First Trade in the US to open an international trading account and invest in some US domiciled ETFs that way (eg. the ARK ETFs)
Why would they close your positions?You would have to worry if they closed your positions on that basis, where would you transfer your shares?
The broker could very easily refuse to stop offering the shares to Irish investors. If they shouldn't technically allow it for Irish investors, if they tightened up and adhered to the rules like they should, where would you transfer them then? No other broker seems to offer them to Irish investors?Why would they close your positions?
There’s nothing illegal about holding non-EU ETFs.
What’s been illegal since 2018 is offering certain investment products to retail investors without a KID.
Have you managed to do this recently?
Etrade won't allow anyone with an EU address to do so...
Where you able to buy us Dom ETFs? I can see ireland is in the list of regions that allow accounts but didn’t want to set up the account if I still only have access to the same ETFs as Deiagro thanksOpened a First Trade account three weeks ago with no issues
Currency fluctuations between € and $ is my main one, it’s just another unknown element. Could easily see the difference between 41% and 33% disappear. For me it’s the deemed disposal at 8 years that’s the concern. I’d really rather just pay the tax when I sell them regardless of 41 or 33 %This is seriously revolutionary then for Irish investors, they have access to cheap US domiciled ETF's taxed at 33%. It seems too good be true....what's the catch?
Well, US domiciled funds/ETFs are required to distribute all dividend income and realised capital gains - there's no such thing as an accumulating fund in the US.It seems too good be true....what's the catch?
US estate tax might be a concern
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