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I'm a canadian. My american friend has invested 30,000 in the stock market. He's made 6k in GAINS.
He's convincing me to also invest 30k in the stock market in the exact same stocks. I've known him for 15 years.
He said I already lost 2% due to inflation which is true. But would converting my canadian dollars to USD when the canadian dollar is at .74 a good idea?
What I'm afraid of is just like in 2012 maybe the canadian dollar will be equal to the american dollar and I would have lost a lot of money. But my friend told me that wont change for another year.
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yeah get out of cad asap. it will probably crash.
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Market will crash this year, warn him and stay away.
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>>1849498
>being in any way invested in toy money
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>>1849500
so you're just talking out of your ass basically
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>>1849505
I'm not the one who thinks canadian money isn't worthless
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>>1849510
I never stated what I think about its worth or lack thereof. I asked a question, you insecure faggot.
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put your 30k in your tfsa and buy canadian weedstocks
you're friend's 20% gains are not impressive, the fucking dow is up 20% since november
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>tfw no voe gf
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>>1849621
thats not voe
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>>1849312
lol.... is this a textbook question?
answer is, stock's past performance does not guarantee its future performance.
you have known him for 15 years, 8 of which obama was president.
obama = stock UP
trump = stock DOWN
but you can try exploiting the market at any rate
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>>1849639
but it is
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>>1849498
your prime minister
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>>1849646
vice versa mate, you forget things like the unemployment issue where it was simply hidden under obobo
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>>1849539
This
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>>1849498
CAD is tied to oil, also the US DOLLAR is going to go up due to a mix of fundamentals and the euro/pound volatility. This means that relative to other currencies the US DOLLAR will rise.
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