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You are currently reading a thread in /biz/ - Business & Finance

Thread replies: 27
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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...
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Suncor
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>>1056104
VXC and Tangerine Equity Growth, mebbe some ENY. havent bought yet, still waiting fo the other shoe to drop.
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>>1056190
>TANGERINE
Why put up with like 1.60% MER?

VFV only 0.07% MER.
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>>1056191
Mostly cause its really low right now and i dont want to crystallize any losses, im patient and with only 30k in its not that bad. will swap it to VXC when its back up
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>>1056209
Vfv
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>>105624
Perhaps when VXC recovers ill move it all over to VFV, their holdings are almost all US anyway
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>>1056436
I just don't know what to do about CAD.

Hold VFV til it seems close to bottoming out? .60 or so?
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GHG
>>
CAD is pegged to oil. Keep shorting
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>>1056474
Isn't oil nearly as low as it gets?

How much further is there for it to fall?

Also does holding VFV count as defacto shorting it? Since I'm essentially holding USD then.
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>>1056477
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....
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>>1056616
what is inflation
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>>1056620
I am not a clever man....
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>>1056620
Pls help.

Is VFV a good buy or will we just lose money on CAD rebound?
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>>1056705
It might drop on monday, then again it might not, investing in indecies is long term.
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>>1056744
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?
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>>1056750
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....
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>>1056750

>>1056759 + I am invested in CAD at ~25k. and my book value hasnt changed with the slump of the dollar.
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>>1056759
>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.
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>>1056772
>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.
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>>1056775
I am unsure myself, I am staying in CAD and if it ever approaches 1:1 i plan on converting about 20% over to USD just as a form of diversification.
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>>1056786
;-;

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.
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>>1056104

Sup fellers.

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.
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>>1056814
>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.
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>>1056807
If you do find out let us know :).

There are no stupid questions etc etc..
>>
all in on CGC

DUDE
WEED
LMAO
Thread replies: 27
Thread images: 2
Thread DB ID: 461021



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