External News & Commentary, page-1459

Hi Bolt,

Its all a learning curve. I personally havent held any overseas assets before.
I think some Aussie share platforms have access to international markets with a subscription or set annual fee.

Also holding a ADR would be different to holding say shares in Tesla. This would be a research point regarding what are the drawbacks or gains of holding an ADR on the Nasdaq. If the bank that backs the ADR collapses what happens to the ADR etc....

If you did decide to use something other than an Australian platform you will probably need a US based bank account linked to whichever foreign platform you are using to allow you to trade. What you need to establish this, close this etc is another research point.

For a small town investor to keep costs low and paperwork low id argue against using an independent foreign platform but I imaging there would be others that would disagree. For bigger fish having direct cash in US bank might be handy if your over there in one of your holiday homes/business trips.