Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next
Author: tim443 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 64026  
Subject: Re: Moving to canada Date: 9/5/2012 9:31 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0

You are right, there is no good answer.

If it was me I would need to know what x amount of US$ was. I would be tempted to put it in an investment account that allows you to segregate by currency as Questrade or IB does. This would allow me to invest on both sides of the border without having to pay substantial exchange on currency. It would also allow me to withdraw in whichever currency I needed. You could for instance put your US$ on the US side with perhaps a small bit on the C$ side then make deposits on the C$ side slowly until they match up?

I personally do not expect a massive (10%+) change in the C$ vs. US$ but it could happen if the US doesn't fix the "fiscal cliff" problem that they created? Even if it does happen having half your money in C$ would spare some of the pain?

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next


The Great Foolish North
Canadian social and off-topic banter.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.