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>Tfw try to buy the s&p in canada It fluctuations so

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  3. >Tfw try to buy the s&p in canada It fluctuations so
Thread replies: 9
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Anonymous
2016-12-02 18:47:33 Post No.
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Anonymous 2016-12-02 18:47:33 Post No. [Report]
>Tfw try to buy the s&p in canada

It fluctuations so widely due to Cad conversions rates. Wtf...

This makes no sense.
>>
Anonymous 2016-12-02 19:09:07 Post No.1649007
[Report]
Anonymous 2016-12-02 19:09:07 Post No.1649007 [Report]
>>1648974
That's why you buy in USD
>>
Anonymous 2016-12-02 19:09:54 Post No.1649008
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Anonymous 2016-12-02 19:09:54 Post No.1649008 [Report]
>>1649007
I still have to convert the currency then
>>
Anonymous 2016-12-02 19:12:15 Post No.1649010
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Anonymous 2016-12-02 19:12:15 Post No.1649010 [Report]
>>1649008
Yeah but you can pick the exchange rate at any time you want.
>>
Anonymous 2016-12-02 19:14:22 Post No.1649016
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Anonymous 2016-12-02 19:14:22 Post No.1649016 [Report]
>>1649010
Then I have to pay conversion fees unless I do norberts gambit and wait 3 years for cad to go up

Makes zero sense
>>
Anonymous 2016-12-02 20:29:06 Post No.1649097
[Report]
Anonymous 2016-12-02 20:29:06 Post No.1649097 [Report]
>>1649016
2% to convert USD to CAD
2% to convert CAD back to USD

Guaranteed 4% loss
>>
Anonymous 2016-12-02 20:35:34 Post No.1649104
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Anonymous 2016-12-02 20:35:34 Post No.1649104 [Report]
>>1649097
How is that not disastrous?
>>
Anonymous 2016-12-02 21:17:56 Post No.1649173
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Anonymous 2016-12-02 21:17:56 Post No.1649173 [Report]
>>1648974
use questrade, pay the conversion fee once, and just stay in usd. only buy american stocks after that. holding usd is the better choice anyway
>>
Anonymous 2016-12-02 22:14:49 Post No.1649248
[Report]
Anonymous 2016-12-02 22:14:49 Post No.1649248 [Report]
>>1648974
buy a CAD hedged S&P ETF
Thread posts: 9
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