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Should Canadians Buy US Stocks With Weak Canadian Dollar? (Currency Exchange For Beginners)

Griffin Milks 21 views

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so the best bet is to split my portfolio holdings into 50/50 USD/CAD ?
Comment from : @YoutubeFEEN

Would it be fair to say - Buy US stocks when the Canadian dollar is strong Repatriate the funds back to CAD when the Canadian dollar to weak?
Comment from : @Goldman_Bernstein

which app u use to buy us stocks
Comment from : @balpreetkaur4288

Thanks for this video! I by mistake got some REITs with RioCan in USD but I want to do in CAN instead (for TSAF purposes) Do you think I should sold the USD positions and only preserve them in CAN? Thanks
Comment from : @guanacoyyz9646

Short answer 1 year later: it was def worth it! Glad I diversified my portfolio both in USD and CAD, as well as CAD ETF investing in USD companies for a currency hedge Keep up the good work 💪
Comment from : @delicious9930

Does RBC Direct Investing charge a fee both to buy American stocks and sell both? I think I was charged 2 more than exchange rate both to buy and sell NYSE stocks
Comment from : @HabsGeorge

Great explanation! Thank-you this helped a lot!
Comment from : @kristinakacmarova4813

Hi Griffin, Can we use Norbert Gambit for currency conversion for investing in TFSA account? Is there any tax implications for using Norbert gambit in TFSA?
Comment from : @mohinderjoshi1672

Its unlikely the cdn dollar will go up any time soon
Comment from : @johnwinnerdz1

I have RRSPs but Id like to stop investing in, to invest in Crypto currency in USD energy stocks instead since I feel the future of the dollar value is so unsure by the time I retire in 10 years Note that my company matches my 6 contributions each week which is making an average of 7 annually so far Thoughts?
Comment from : @daniellefrechette900

This was so clear and helpful, thank you I had my aha moment
Comment from : @bumblebee3303

I made every mistake imaginable ! Might as well hold for the long term because at this point I would lose quite a bit brThis is sometimes how you learn , though
Comment from : @helenachase5627

Thank you brother👍👍
Comment from : @rutulkarbhari4963

Hi Griffin, you plan to roll out an update to this video now that CAD is gaining strength relative to the USD?
Comment from : @appsforw2809

i just feel more comfortable using wealthsimplequestrade is just too much complications for me to investi am still confised if i should continue to buy stocks like apple on wealthsimple
Comment from : @shauryaabhardwaj4071

Excellent information, thanks Griffin for sharing
Comment from : @arturosoto5199

Super helpful and well laid out Great video
Comment from : @SCtester

Very good analysis, thanks!
Comment from : @TunkPotterSV

I loaded up on US equity in '07 Dollar at par Rode the US boom sold out now
Comment from : @cbcsucks2205

Great video 🙏
Comment from : @tanianicholson178

Thanks for the explanation on this Very helpful! Smashed that likebrYou mentioned you bought a couple US stocks - which ones did you buy?
Comment from : @mattheersink

Since buying a US stock has this disadvantage if the Canadian currency regains its strength, is it possible to buy a Canadian traded stock on NYSE and have the opposite effect? Like buying Canadian bank that’s traded in NYSE I use Wealthsimple Anyone know? Thanks
Comment from : @brave_74kyl2

Could you guide how to buy international ETFs in CANADA?
Comment from : @monahwang2930

Thanks in fact I was waiting to know about currency conversion for buying US Stocks
Comment from : @anuradhajain3612

I would love to create an app that would constantly convert your money automatically once currencies jump to a set amount of your desire That way you can just earn money while doing nothing what do you think?
Comment from : @itgw4658

Really great video Thank you for making it! Just found you on YouTube Glad i did!
Comment from : @davidkincade

What if you use the Norbert's Gambit and have your cash and purchases in USD for the long term?? Whatever happens short term, shouldn't matter, right?
Comment from : @beanarias5806

Great video Griffin! I was wondering if the conversion fee would affect dividends you’d get from American companies if you use Canadian currency
Comment from : @Curlingman

Hi Griffin, if I use my TFSA account to buy US stocks, do I have to pay tax when those stocks rise up?brEx I buy 1 share worth $100 and tomorrow it rises to $300, do I have to pay any tax on those $200 profit when I withdraw my money?
Comment from : @garmoog

What's your job outside of youtube and stock market? I wanna do real estate but I only make 30k a year and save as much as possible i never go out to eat rarely buy alcohol use all coupons and savings I can't catch a break
Comment from : @TheCanadianGoose22

Hey Griffin, I’m a new trader and I trade with Wealthsimple trade app So, how I can get real time quotes for TSX stocks ? Thank you in Advance
Comment from : @ankitabhandari4527

Love the video Very informative, keep up the good work
Comment from : @YFLyugioh

You deserve more views man, keep it up!
Comment from : @youngwealthcreation3069

Awesome video man! Love the different scenarios and examples 👍
Comment from : @jinwoolee1531

Hey Griffin! New investor here :D I use Questrade and have purchased US stocks Can you clarify the step you were referring to regarding "borrowing US funds with Canadian funds without incurring additional fees"? Is that step automated already every time I buy a US Stock or is there a process in between?
Comment from : @abinatnat876

Great topic and video Really have to consider it all when investing as a Canadian for sure I think Oil will continue to be weak for some time, but with the rate which the Fed is printing money in the US, we may very well see those 12 conversion rates again On top of all that, with TD in the US giving zero commission trading, but continuing to charge us $10 per trade, it really seems like we get the shaft on the daily Thanks again Griffin, keep up the great work
Comment from : @GlennWalsh

Generally, you want to buy US stocks when the Canadian Dollar is strong
Comment from : @HexagonASMR

Perfect video to understand currency conversion concepts! Thanks for sharing man
Comment from : @gregfarlane148

Hey Griffin, Happy Easter (Beginner here) My question is about (CAD-hedged) ETF's After watching a lot of your video's I bought TSX:VI but the next day seen TSX:VIU - I want to keep my money in CA funds and don't want to deal with the fees that come with US money/etfs Should I leave it or sell and buy VIU?
Comment from : @yellowmellow8777

Best channel for finance content that isn’t all fluff!
Comment from : @robbiethedoggo6713

I use questrade and have USD in my account Will I still get charged a fee if I were to purchase a US stock like Pepsi? Regardless whether or not I have USD
Comment from : @Lion95

Gas is so cheap right now it’s crazy Nice explanation man!
Comment from : @joshstewart5491

Totally underrated content!
Comment from : @sixthsupply4878

Great video!!!!!!!!do u think a hedged etf is better for a 5 year investment in us stocks!!!!
Comment from : @Dj-uy1kp

You and Brandon Beavis think alike! HahabrbrGreat topic to discuss 👍
Comment from : @NickPeitsch

Perfectly explained concepts! Hadn’t ever heard of the Currency Exposure stuff before Made it really clear
Comment from : @GTTeck

Hey Griffin I have a question regarding bonds I use questrade and I'm interested in buying some bonds but I have no idea how or what to buy Can you make a video explaining how to invest in bonds and what bonds you would recomend investing in Thanks for these videos! You're the reason my friends and I started investing in stocks It's keeping us from going squirrely during this pandemic
Comment from : @andyprokopchuk