What are my Canadian bros buying right now?
Do you think the CAD will keep falling or nah?
I'm considering pulling the trigger and buying VFV after reading some posts here but if the CAD starts shooting up that'll be disastrous...
I remember oil at $10 or soemthing in the 80's, granted I didnt know what that meant back then, so yes, it can go lower.
Everything jumped up 2% today, perhaps it will drop again on Monday....
I know of course but what I'm confused on is investing in indices as a Canadian.
So if I buy VFV, I'm buying US market stocks with CAD....... So I'm confused as to how s&p500 fluctuations and CAD/USD fluctuations affect it.
CAD up + S&P down = I lose a lot?
CAD down + s&p up = I gain double?
Both UP means nothing happens? I don't really get it.
Basically I'm about to pull the trigger but I'm unsure because if CAD rebounds to let's say 1:1 then I basically need to make 30% gains in order to just BREAK EVEN? That will take years and seems horrible.
Can anyone explain?
You can buy now in either CAD or USD at current rates. If you buy in CAD, you buy it at current rates in USD compared to our dollar AFAIK. (So if our dollar goes up, you get more value (citation needed). If I am incorrect, someone feel free to correct me ;)
its either that or its unrelated to the current value of the currencies against eath other....
>If you buy in CAD, you buy it at current rates in USD compared to our dollar AFAIK
Yes VFV is traded on the Toronto Stock Exchange so I would be buying it in CAD.
But VFV is basically Canadian copy of VOO, exact same holdings.
I am still unsure but I know what you are saying is incorrect.
>(So if our dollar goes up, you get more value (citation needed)
This would mean I get less value. Because now my de facto USD money is being converted to CAD which is worth less than when I exchanged it...?
So basically if I were to buy VFV when CAD is 1:1( to USD) I would be making an additional 30% if it were to suddenly drop to .70 cents?
Honestly I think I might just call up VanguardCanada and ask them about this. Either I am extremely retarded or something is a little strange here.
>So basically if I were to buy VFV when CAD is 1:1( to USD) I would be making an additional 30% if it were to suddenly drop to .70 cents?
If I were to cash it out then that is.
Since now I'm getting money worth 30% more due to exchange rates.
Should I just call and ask them then? Seems like a retarded question but I'm confused about it.
I guess it's just one of those things... Feels retarded to ask but even more retarded to not know and just ignore.
Is it possible to buy from American stock exchanges from a TD Waterhouse webbroker account?
I have about 8k USD, is now a good time to exchange to USD? I think oil is about to find its bottom.
>Is it possible to buy from American stock exchanges from a TD Waterhouse webbroker account?
I think you need to sign up for it.
But there is currency conversion fees + US capital gains tax.