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Revscene Wall Street.
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06-13-2011, 02:00 AM
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#1 | | My homepage has been set to RS
Join Date: Mar 2004 Location: batavia
Posts: 2,226
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| 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.
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06-13-2011, 04:44 AM
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#2 | | Banned (ABWS)
Join Date: Jun 2010 Location: Canada
Posts: 1,566
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Simple.....spend it!!   | |
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06-13-2011, 04:49 AM
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#3 | | RS.net, where our google ads make absolutely no sense!
Join Date: May 2007 Location: Surrey
Posts: 957
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I'd say keep it until the value goes back up again. Posted via RS Mobile | |
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06-13-2011, 01:29 PM
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#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
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spend it, buy gold or convert it back
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06-13-2011, 01:33 PM
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#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
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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...
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06-19-2011, 04:45 AM
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#6 | | My homepage has been set to RS
Join Date: Jan 2004 Location: Van
Posts: 2,050
Thanked 192 Times in 118 Posts
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US ETFs. More selection than what you can get with Canadian ETFs and they are generally cheaper.
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06-19-2011, 11:23 AM
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#7 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,550
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lol @ mutual fund
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06-19-2011, 01:20 PM
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#8 | | HELP ME PLS!!!
Join Date: Oct 2005 Location: Death Star
Posts: 5,707
Thanked 854 Times in 175 Posts
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you don't have to convert it back to CAN to buy mutual funds.
you can buy it with USD
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Last edited by sexyaccord on 69-69-6969 at 69:69 PM | |
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06-28-2011, 01:17 AM
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#9 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,720
Thanked 5,581 Times in 1,516 Posts
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convert it to bitcoins LOL.
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06-28-2011, 01:40 AM
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#10 | | Banned By Establishment
Join Date: Jun 2011 Location: Queen's Park
Posts: 62
Thanked 8 Times in 6 Posts
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Donate it...
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06-28-2011, 01:54 AM
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#11 | | Ready to be Man handled by RS!
Join Date: Nov 2006 Location: Vancouver
Posts: 82
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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
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06-28-2011, 11:37 PM
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#12 | | I STILL don't get it
Join Date: Sep 2005 Location: vancouver
Posts: 470
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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!
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06-29-2011, 12:12 AM
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#13 | | My homepage has been set to RS
Join Date: Mar 2004 Location: batavia
Posts: 2,226
Thanked 63 Times in 22 Posts
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Is Scotia iTRADE a good site to do online trading? or is there a better place?
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06-29-2011, 11:37 AM
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#14 | | My homepage has been set to RS
Join Date: Apr 2005 Location: vancouver
Posts: 2,217
Thanked 811 Times in 274 Posts
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| 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.
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07-01-2011, 11:07 AM
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#15 | | I STILL don't get it
Join Date: Sep 2005 Location: vancouver
Posts: 470
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^ what's your target price on silver? Where are you looking to buy your bars? Send me a pm... Posted via RS Mobile | |
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07-01-2011, 01:00 PM
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#16 | | Rs has made me the man i am today!
Join Date: Apr 2004 Location: Vancouver
Posts: 3,073
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vbce for buying physical
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07-01-2011, 04:15 PM
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#17 | | I STILL don't get it
Join Date: Sep 2005 Location: vancouver
Posts: 470
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i know of vbce, they charge 5% spread...there are probably better places.
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07-04-2011, 01:21 PM
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#18 | | My homepage has been set to RS
Join Date: Apr 2005 Location: vancouver
Posts: 2,217
Thanked 811 Times in 274 Posts
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| 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.
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