Home page

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

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

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

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

What is your take on currency conversion and the value of investing in US Stocks with a weak Canadian dollar? Let me know down below!br📈 My FREE Investing Course (Previously $200): sklsh/3ODk1tNbr-Griffin Comment from : Griffin Milks

which app u use to buy us stocks Comment from : balpreet Kaur

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 : guanacoYYZ

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 : Delicious

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 : Kristina Kačmárová

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 : Mohinder Joshi

Its unlikely the cdn dollar will go up any time soon Comment from : D Neuman

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 : Danielle Frechette

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

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 : Helena Chase

Thank you brother👍👍 Comment from : Rutul Karbhari

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

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 : Shauryaa Bhardwaj

Excellent information, thanks Griffin for sharing Comment from : Arturo Soto

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

Very good analysis, thanks! Comment from : Alberto Granillo

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

Great video 🙏 Comment from : Tania Nicholson

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 : Matt Heersink

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_74 KYL

Could you guide how to buy international ETFs in CANADA? Comment from : Green Life

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

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 : iTGW

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

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 : Bean Arias

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 : Andrew F

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 : Gavin Armoogum

Great video! Really liked the use of the scenarios, made it really easy to understand for beginner investors like myself I do have a follow-up question: I've been purchasing VFV as part of my long term investment strategy and plan to hold the shares for 20+ years (for retirement) Assuming the value of the Canadian dollar increases in the long run, would you recommend purchasing VSP right now instead of VFV given the current value of the Canadian dollar? My understanding of the video was that you were in fact suggesting this but wanted to make sure I understood correctly! Comment from : Tiffany Nandhin

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 : TheCanadianGoose

Awsome video! So to clarify, for the current situation where the Canadian dollar is expected to go up as oil recovers, it's better to buy in TSE And not buy in NYSE because if I do that I would lose as value if Cad increases? Comment from : demebox360

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 : Ankita Bhandari

Love the video Very informative, keep up the good work Comment from : York Liao

You deserve more views man, keep it up! Comment from : Young Wealth Creation

Awesome video man! Love the different scenarios and examples 👍 Comment from : Jinwoo Lee

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 : Abi Natnat

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 : Glenn Walsh

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

Perfect video to understand currency conversion concepts! Thanks for sharing man Comment from : Greg Farlane

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 : YellowMellow87

Best channel for finance content that isn’t all fluff! Comment from : Robbie The Doggo

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 : Josh Stewart

Totally underrated content! Comment from : Sixth Supply

Great video!!!!!!!!do u think a hedged etf is better for a 5 year investment in us stocks!!!! Comment from : D j

You and Brandon Beavis think alike! HahabrbrGreat topic to discuss 👍 Comment from : Nick Peitsch Investing

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 : AndyPro

Great video Griffin! I really enjoyed the scenarios, made it very visually clear Thanks! Comment from : Streetwear Honcho

Great video and congrats on 30,000!! Comment from : Sophie Annaston

Awesome video You planning on picking up more real estate soon? Comment from : C C

Very in depth analysis Griffin! Super helpful info for investors of all calibers Thabks for sharing! Comment from : Mike Lorenzo

First! Comment from : Andreas Asatya

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

Canadian currency | Canadian currency conversion to Indian currency| Canadian dollar ??to INR ??2023 РѕС‚ : Priyanka Rajput Download Full Episodes | The Most Watched videos of all time

canadian dollar to us Dollar |canadian dollar rate | canadian dollar to Indian Rupees | CAD To USD РѕС‚ : Online Faiyaz Download Full Episodes | The Most Watched videos of all time

US Dollar To Canadian Dollar Exchange Rate Today | USD To CAD | Canadian Dollar To US Dollar РѕС‚ : Daily Currency Exchange Rates Download Full Episodes | The Most Watched videos of all time

(Part 106)Hard Currency, Soft Currency, Heated Currency, Cheap Currency, Dear Currency, Hot Currency РѕС‚ : Harshit Dwivedi Education Download Full Episodes | The Most Watched videos of all time

Price : ₹0.85 Best Penny Stock To Buy Telugu • Penny Stocks To Invest Telugu • Stocks To Buy • IRFC РѕС‚ : Telugu Stocks Stories Download Full Episodes | The Most Watched videos of all time

Price : ₹5 Best Alcohol Penny Stock To Buy Telugu • Penny Stocks To Invest Telugu • Stocks To Buy РѕС‚ : Telugu Stocks Stories Download Full Episodes | The Most Watched videos of all time

Cheapest Currency Exchange For Canadians | USD/CAD | Norberts Gambit РѕС‚ : Bassem - Canadian Finance Pro Download Full Episodes | The Most Watched videos of all time

Euro to Dollar l euro to canadian dollar exchange rate | convert euro to Canadian Dollar РѕС‚ : Online Faiyaz Download Full Episodes | The Most Watched videos of all time

Why Is Indian Currency Getting Weak #shorts #economy РѕС‚ : XY- Axis Education Download Full Episodes | The Most Watched videos of all time

Best way to EXCHANGE currency from Naira to Dollar, Pounds, Euros ... #exchange #dollar #currency РѕС‚ : Ogunniran Israel Official Download Full Episodes | The Most Watched videos of all time