Post by
altitudes on Sep 07, 2017 8:46am
US ticker
dumb question but with the USD falling so much against the CAD i am tempted to by the US ticker for TBP. This way I can benefit from currency fluctuations. Does this makes sense or am I missing something here?
Comment by
LeafRider on Sep 07, 2017 11:36am
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Comment by
altitudes on Sep 07, 2017 12:32pm
yeah it will def be long term. I made stupid losses buying US stocks when USD was at its peak 2 years ago and I am guessing i can do the reverse now because USD looks a bit oversold. Its an added gamble but returns could be sweeter if it plays out. TD charges a pretty steep amount for conversion. CAD would need to appreciate 6-8% to probably make this worthwhile