I'm considering investing in a USA index fund as a long term investment and would like to ask a few questions.
1) I believe that I will have normal foreign exchange exposure on the funds and will have to pay Australian income tax on any profits on the investment, but are there any other ways that my investment would differ from an investment made by a resident of the USA (assuming of course, that there are no hurdles stopping me from investing in the US stock market in the first place)?
2) I'm after opinions on if its a good idea or if I should find a low fee charging Australian Share Market Index fund.
3) Can anyone recommend an Australian Share Market Index fund that has a low fee structure and reasonable performance in the long term.
Many thanks for your time,