If ur planning to hold ur equities for 6mo to 1 yr, I would suggest you to cash in more USD to bring down ur cost avg for ur exchange rate. In the short term, the usd will keep tanking but over the long haul USD will be a better hold den CDN, so you dont have to worry about your equities position
my opinion could be biased since Im holding lots of US equity and am LONG on most of my positions but i will be sure to be changing most of my CDN into Greenbacks soon as it hits par again.
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Originally Posted by unit
for those of you holding US securities and planning to hold for at least 6m-1y, how are you coping with the falling US dollar? when i put the majority of my cash into my US account i was getting a .78 exchange, now its like .92... still up quite a bit because of the rally, but wondering what the future holds for the dollar
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