the world's reserve currency can have huge falls, it went from an exchange rate of $0.9 to 1 euro in 2001 all the way down to $1.47 to 1 euro in 2008 thats a huge fall for international investors. Remember 2001 was also the height of the first US tech bubble which resulted in huge falls for both US stock markets and dollar, very painful for international investors. I was an investor in US stocks back in 2011, and it was great buying them when priced in cheap dollars back then.I have generally considered this a positive and not a negative. World's strongest market and world's reserve currency.
Give it a few weeks.....World's strongest market and world's reserve currency.
Isn't this thread at odds with the posting guidelines?
Just to be clear, there are also other large US/EU conglomerate companies that offer similar diversification in a single share that might be considered as a possible alternative to certain ETFs while not suffering from the relatively penal tax treatment.people are looking for an alternative to ETFs and an investment trust or Berkshire Hathaway has been suggested.
I don't really understand the question. Maybe you can clarify?Access to small cap companies?
This thread is worth a read for some analysis on ETF versus direct share after-tax returns - https://www.askaboutmoney.com/threa...non-tax-relieved-pension-contribution.237580/. The main takeaway is that ETFs fare much better than the headline tax rates suggest.Are you able to do a comparison between the tax of Berkshire versus a ETF?
I don't really understand the question. Maybe you can clarify?Access to small cap companies?
Yes but by comparing direct shares with ETFs you have to liquidate your share holding in order to compare them. However in reality you don't have to liquidate a direct share holding you can hold onto it for 30 years if you want to the same as a property, whereas you are effectively forced into liquidating ETFs and funds every 8 years to pay the tax. That's a huge disadvantage and highly unfair . Also you can harvest temporary losses on direct share holdings and buy back in and reduce tax bill on gains you may have on liquidating other assets. You also don't have that advantage with ETFs or funds.main takeaway is that ETFs fare much better than the headline tax rates suggest
I don't think that BH really deal many (any?) small cap companies. Most of their wholly owned businesses and publicly quoted companies that they invest in are huge.- Investing in Berkshire Hathaway provides greater exposure to small cap companies that ETF's don't?
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