Berkshire Hathaway is one of the largest conglomerates in the world. It’s no wonder that many investors are now looking to buy these shares.
As such, any eager investor will want to know how to buy Berkshire Hathaway shares in Australia. Considering the company, though, this process isn’t as straightforward as you might assume.
Rather, you need to be informed about several aspects of investing in the company. Fortunately for you, you can learn all about it here.
What is Berkshire Hathaway?
Berkshire Hathaway is what is known as a holding company. While it started off as a group of textile milling plants, over time it grew to own share in some of the most recognizable companies in the world. This includes the United States Burlington Northern, Geico, H.J. Heinz Company, and more.
The company has netted revenues of over $200 million and has made profits upwards of $40 million. Not to mention, it recently reached the number two spot on the Fortune 500 list. All in all, this is one of the top performing institutions ever.
Apart from its own successes, this company is well-known is thanks to its CEO, Warren Buffet. He has long been hailed as an investment genius, with many investors still following many of his moves.
Where to Buy Berkshire Hathaway Shares in Australia
Now, when it comes to buying shares or even CFD trading, you will need a good broker to make the process happen.
It is always a good idea to go with a veteran option like eToro.
For one thing, this online broker has been around for quite a while and has consistently provided excellent services to traders across the board.
For another, etoro is a licensed broker and is overseen by the CySEC and FCA agencies. Due to this, you can be sure that the broker will adhere strictly to the law, ensuring that your trades and your money are kept safe.
One of the top perks that etoro offer is their option for social trading.
With this service, newer or inexperienced traders can follow some of the best traders in the market. Thus, they can make the same moves, cutting down on the level of risk involved.
These are the features you should keep in mind even if you decide to go with a different broker. In the end, it is your broker that can make purchasing Berkshire Hathaway shares incredibly easy or very difficult. So, do make the right decision.
This is everything you need to know about buying Berkshire Hathaway shares in Australia. As you can see, there is more to this process, considering that you are an Australian investor. However, if you simply follow the tips given here, you should have no problem at all.
Why Buy Berkshire Hathaway Shares?
Let’s take a quick look at why you should invest in Berkshire Hathaway before getting into the subject a little more deeply:
- Continued profit
- One of the most diverse companies
- Involved with some of the largest corporations
- Helmed by an intuitive leader
From a monetary standpoint, there is no denying that purchasing Berkshire Hathaway shares is one of the best investments that you can make.
As mentioned, the profit and revenue netted by this company are incredibly high. Furthermore, this is a performance that has continued for quite some time and this conglomerate is able to keep its head above water even when other companies are failing.
One of the reasons that Berkshire Hathaway is able to do this is because its own investments are so heavily diversified. This company has stakes in all kinds of industries, sectors, and businesses.
Thus, even if one area does badly, you can be sure that this holding company has plenty of other revenue options. So, your money will always bring you a return on your investment.
On a similar note, Berkshire has also traded for and with companies like Apple, Wells Fargo, and Bank of America.
As you know, these are companies that have a strong future ahead of them and survive through tough times too. Due to this, the future of Berkshire Hathaway continues to look good.
This is especially since it is run by a visionary like Warren Buffet. He is often incredibly shrewd at predicting the market and is always aware of the right moves to make. So, he often steers the holding company into the best possible position.
Ways to Buy Berkshire Hathaway Shares in Australia
As an Australian investor, you will be disappointed to learn that you can’t directly purchase Berkshire Hathaway shares. This is because the company is not listed on the Australian Securities Exchange (ASX). Despite this, there are some other options available to you:
- Open up an international trading account
- Buy shares in a company that has assets placed on Berkshire Hathaway
- Buy CFDs for Berkshire Hathaway
One of your choices includes opening up an account with a broker that allows you to have an international account. Then, using this, you will be able to purchase shares on the New York Stock Exchange (NYSE). The problem with this, of course, is that this is an incredibly costly endeavor. The price of the shares, as well as the trading costs, may be too much for the average investor.
If this doesn’t work for you, invest in a company that has most of its assets placed on Berkshire Hathaway. For one thing, this will be a lot cheaper for you and you won’t need to trade on a major exchange. At the same time, it can be a more uncertain option and there are still trading costs to think about.
This is why CFD trading with a broker like etoro may be what’s right for you in this instance. Unlike the above choices, there will be no need for you to own the stock. As such, you can adopt a much better position without needing to deposit as much. This, coupled with the lower trading costs, means that you can often make more money this way.