What to do with USD savings
 

I have a portion of my saving in USD, what's the best thing to do with it now in terms of investments. I was thinking of converting it to CDN and buy mutual funds but the exchange rate is pretty low now. I've talked to a financial advisor at TD and that's pretty much what they can offer. Are there any better alternatives? Also, if you guys know any forums/sites that shares info in terms of where/how/what to invest please let me know, thanks.

Simple.....spend it!! :D






:troll:

I'd say keep it until the value goes back up again.
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spend it, buy gold or convert it back

BTW I WAS in the same sitiuation as you..
I had 35% of my savings and investments in USD, bought at 1.08
I just said fuck it I don't want to see it slide more..
so on latest rally, I sold some securities and converted it back at .97 ish...

US ETFs. More selection than what you can get with Canadian ETFs and they are generally cheaper.

lol @ mutual fund

you don't have to convert it back to CAN to buy mutual funds.
you can buy it with USD

convert it to bitcoins LOL.

Donate it...

RBC offers several mutual funds that are in USD, its better than leaving it in their high interest esavings USD account earning 0.15% or term deposit cuz its non-redeemable prior to maturity

simple. cash out your usd with the summer bounce and buy silver at the bottom this summer. You'll get all the money you lost and then some, then boom, sell and convert it back to CAD next year. This is what I plan on doing. 3x100oz bars baby!

Is Scotia iTRADE a good site to do online trading? or is there a better place?

^ what he said

im in the same boat as you, approx 80k in USD.
us is suppose to go up a little in summer months. gold/silver is the best best thereafter.

^ what's your target price on silver? Where are you looking to buy your bars? Send me a pm...
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vbce for buying physical

i know of vbce, they charge 5% spread...there are probably better places.

vbce is for small amounts 100-500oz, if u have more that 10-20k u go other places..
slv will be around go around 27-28 atleast if everything remains equal..but now with euro not sure... greece is just prolonging its default.