I'm looking to invest in an S&P 500 tracker. It seems that outside of a pension fund if I invest in a UCITS fund I'll be subject to income tax instead of capital gains and won't be able to offset loss making years against profitable years.
Otherwise it seems that US etfs are no longer sold in Ireland.
So I would like to self manage it so that I have a trading account that tracks the S&p 500 and tells me which trades to do each day to keep the portfolio in line. Is there an app that gives this info? Or some easy way to determine it? Its unclear to me if these funds have .2% of each of the 500 stocks or a higher proportion of the more valuable stocks. And what happens when a stock doubles in value - do the funds then drop half their stock to rebalanced the portfolio?
Or... is there an easier way to track s&p 500 that would keep me in the cgt framework??
Thanks
Otherwise it seems that US etfs are no longer sold in Ireland.
So I would like to self manage it so that I have a trading account that tracks the S&p 500 and tells me which trades to do each day to keep the portfolio in line. Is there an app that gives this info? Or some easy way to determine it? Its unclear to me if these funds have .2% of each of the 500 stocks or a higher proportion of the more valuable stocks. And what happens when a stock doubles in value - do the funds then drop half their stock to rebalanced the portfolio?
Or... is there an easier way to track s&p 500 that would keep me in the cgt framework??
Thanks