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Author: Sox100 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3296  
Subject: Re: More CDN index funds Date: 7/13/2001 1:45 AM
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larmstro: (that's not Lance Armstrong, is it?)
You certainly have put the work into your posts. I'm sure by now you have read back to the discussion of ETFs earlier on this board. Here are a couple of points for you to ponder about your US investments.

If you own shares of something for which you paid US dollars, and the Cdn dollar drops, your investment becomes worth more in $Cd terms. As an over-simplification, if you bought $1US, and you only had to pay $1Cd, and the Cd dollar dropped to 50c US, you could sell your US dollar for $2Cd.

If you buy XSP (or anything else for which you pay Canadian dollars), you don't have to worry about the exchange rates. Just watch the change in % in whatever you bought to see how your investment is doing in $C.

If you buy XSP, you can buy as much as you want, and own pieces of 500 of the biggest, most liquid American corporations, and not even have to worry about puzzling taxation questions, let alone foreign investment limits.

On a social note, Canada was named by the UN as the best country in the world in which to live for 7 years running (until this year, when we dropped to third). If you live your whole life in Canada you have the opportunity to use literally millions of dollars of Health Care and other services FOR FREE, which most Americans do not. This use will likely increase when you retire. I find it quite understandable that the Canadian government expects those of us with money to invest to do so in Canada, for the most part. That creates jobs in Canada, and pays taxes in Canada. Easy on the bashing please.

David
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