The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE!
Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. |
 | 
06-13-2011, 01:00 AM
|
#1 | | My homepage has been set to RS
Join Date: Mar 2004 Location: batavia
Posts: 2,226
Thanked 63 Times in 22 Posts
Failed 122 Times in 8 Posts
| 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.
| 
|  | |
06-13-2011, 03:44 AM
|
#2 | | Banned (ABWS)
Join Date: Jun 2010 Location: Canada
Posts: 1,566
Thanked 383 Times in 155 Posts
Failed 94 Times in 54 Posts
|
Simple.....spend it!!   | |
| | |
06-13-2011, 03:49 AM
|
#3 | | RS.net, where our google ads make absolutely no sense!
Join Date: May 2007 Location: Surrey
Posts: 957
Thanked 272 Times in 69 Posts
Failed 5 Times in 3 Posts
|
I'd say keep it until the value goes back up again. Posted via RS Mobile | |
| | |
06-13-2011, 12:29 PM
|
#4 | | Rs has made me the man i am today!
Join Date: Apr 2004 Location: Vancouver
Posts: 3,073
Thanked 69 Times in 47 Posts
Failed 11 Times in 6 Posts
|
spend it, buy gold or convert it back
| |
| | |
06-13-2011, 12:33 PM
|
#5 | | Rs has made me the man i am today!
Join Date: Apr 2004 Location: Vancouver
Posts: 3,073
Thanked 69 Times in 47 Posts
Failed 11 Times in 6 Posts
|
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...
| |
| | |
06-19-2011, 03:45 AM
|
#6 | | My homepage has been set to RS
Join Date: Dec 2003 Location: Van
Posts: 2,050
Thanked 192 Times in 118 Posts
Failed 49 Times in 32 Posts
|
US ETFs. More selection than what you can get with Canadian ETFs and they are generally cheaper.
| |
| | |
06-19-2011, 10:23 AM
|
#7 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,550
Thanked 4,012 Times in 988 Posts
Failed 210 Times in 55 Posts
|
lol @ mutual fund
| |
| | |
06-19-2011, 12:20 PM
|
#8 | | HELP ME PLS!!!
Join Date: Oct 2005 Location: Death Star
Posts: 5,707
Thanked 854 Times in 175 Posts
Failed 49 Times in 21 Posts
|
you don't have to convert it back to CAN to buy mutual funds.
you can buy it with USD
__________________
Last edited by sexyaccord on 69-69-6969 at 69:69 PM | |
| | |
06-28-2011, 12:17 AM
|
#9 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,700
Thanked 5,567 Times in 1,511 Posts
Failed 853 Times in 284 Posts
|
convert it to bitcoins LOL.
| |
| | |
06-28-2011, 12:40 AM
|
#10 | | Banned By Establishment
Join Date: Jun 2011 Location: Queen's Park
Posts: 62
Thanked 8 Times in 6 Posts
Failed 2 Times in 1 Post
|
Donate it...
| |
| | |
06-28-2011, 12:54 AM
|
#11 | | Ready to be Man handled by RS!
Join Date: Nov 2006 Location: Vancouver
Posts: 82
Thanked 2 Times in 2 Posts
Failed 0 Times in 0 Posts
|
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
| |
| | |
06-28-2011, 10:37 PM
|
#12 | | I STILL don't get it
Join Date: Sep 2005 Location: vancouver
Posts: 470
Thanked 26 Times in 11 Posts
Failed 3 Times in 2 Posts
|
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!
| |
| | |
06-28-2011, 11:12 PM
|
#13 | | My homepage has been set to RS
Join Date: Mar 2004 Location: batavia
Posts: 2,226
Thanked 63 Times in 22 Posts
Failed 122 Times in 8 Posts
|
Is Scotia iTRADE a good site to do online trading? or is there a better place?
| |
| | |
06-29-2011, 10:37 AM
|
#14 | | My homepage has been set to RS
Join Date: Apr 2005 Location: vancouver
Posts: 2,217
Thanked 811 Times in 274 Posts
Failed 170 Times in 63 Posts
| Quote:
Originally Posted by leilomo  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! | ^ 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.
| |
| | |
07-01-2011, 10:07 AM
|
#15 | | I STILL don't get it
Join Date: Sep 2005 Location: vancouver
Posts: 470
Thanked 26 Times in 11 Posts
Failed 3 Times in 2 Posts
|
^ what's your target price on silver? Where are you looking to buy your bars? Send me a pm... Posted via RS Mobile | |
| | |
07-01-2011, 12:00 PM
|
#16 | | Rs has made me the man i am today!
Join Date: Apr 2004 Location: Vancouver
Posts: 3,073
Thanked 69 Times in 47 Posts
Failed 11 Times in 6 Posts
|
vbce for buying physical
| |
| | |
07-01-2011, 03:15 PM
|
#17 | | I STILL don't get it
Join Date: Sep 2005 Location: vancouver
Posts: 470
Thanked 26 Times in 11 Posts
Failed 3 Times in 2 Posts
|
i know of vbce, they charge 5% spread...there are probably better places.
| |
| | |
07-04-2011, 12:21 PM
|
#18 | | My homepage has been set to RS
Join Date: Apr 2005 Location: vancouver
Posts: 2,217
Thanked 811 Times in 274 Posts
Failed 170 Times in 63 Posts
| Quote:
Originally Posted by waddy41 vbce for buying physical | 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.
| |
| | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 12:20 AM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
