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12-20-2015, 08:35 AM
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#51 | My AFC gave me an ABS CEL code of LOL while at WOT!
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I get paid occasionally in USD so I opened an account. Then I opened one at TD because they have a USD Visa so I can buy parts online.
I also cross the border occasionally. Wondering how much USD I should keep though, and how much to sell back to CAD, as I will need that money come tax time.
Either way, the low CAD helps the film industry, which means more work for me!
__________________ 1999 Nissan Stagea RSfourS, White
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12-20-2015, 08:49 AM
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#52 | Willing to sell body for a few minutes on RS
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Originally Posted by nabs I should have bought US currency a month ago when I was thinking about it. Going on a trip in March.... | I bought $5k worth of USD when we were at par. Sold when it dropped to $0.80 for a nice 25% return. I wish I'd bought more, but I didn't want to go into debt to do it.
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12-20-2015, 03:44 PM
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#53 | "They call me Bowser...RawR!"
Join Date: Jul 2001 Location: Vancouver
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USD investments + USD dividends every month = awesome
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12-20-2015, 03:50 PM
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#54 | Even when im right, revscene.net is still right!
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I won't be going down to the states for while
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12-20-2015, 04:11 PM
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#55 | RS has made me the bitter person i am today!
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Originally Posted by 4444 why are you holding USD in the first place?
for example, say you hold CAD, USD, and EUR - why would you sell USD and be overweight CAD? Did you buy USD to play the currency game? if so, then sell half and take in that gain, sell the rest later on (either up or down).
if you hold USD to be diversified, then re balance.
if you sell USD/buy CAD, what will you do with it? invest in TSX? I'd rather hold USD in S&P500 and CAD in TSX (if you hold S&P500 in CAD, you are actually holding S&P500 in USD, unless you buy a hedged etf (which is a stupid idea))
to answer your question - there is no answer, do what's in your plans | I get paid in USD and most of my expenses are in CAD so I've been converting it. I'm looking into starting to invest and I'm not sure if I should be investing in Canada or US. Does it matter too much? I'll probably always have a constant stream of USD for the next few years.
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12-20-2015, 04:19 PM
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#56 | I contribute to threads in the offtopic forum
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CAD will likely continue to slide rather sharply to the low 60's. Why? Because there is nothing to prop it up, we won't raise interest rates, commodity prices expected to stay low as emerging market and China continue to cool off, and the US Fed will keep pushing rates up while their economy continues to grow much faster than ours.
Our single biggest client is basing their 2016 financial forecast around a loonie trading even lower an it is today, they are expecting a .63 loonie by the end of 2016. Ouch.
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Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | |
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12-20-2015, 07:02 PM
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#57 | I WANT MY 10 YEARS BACK FROM RS.net!
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oh shit
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12-20-2015, 09:36 PM
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#58 | Hypa owned my ass at least once
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With the loonie almost certainly heading further down instead of bouncing back, one question is -- do you buy car parts (from the States, obvious) now? or do you put it off until it starts coming back? Could be a loooooooong wait, but I hate the idea of buying something when I don't really need it yet.
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12-20-2015, 10:13 PM
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#59 | I contribute to threads in the offtopic forum
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yen vs CDN seems to be ok at least.
Still be getting those overnight parts from Japan.
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12-21-2015, 09:09 PM
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#60 | I WANT MY 10 YEARS BACK FROM RS.net!
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12-21-2015, 09:38 PM
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#61 | Need my Daily Fix of RS
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Originally Posted by radioman yen vs CDN seems to be ok at least.
Still be getting those overnight parts from Japan. | yup. cheaper now than from US in most cases.
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12-21-2015, 10:03 PM
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#62 | I *Fwap* *Fwap* *Fwap* to RS
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Originally Posted by Timpo | thats from APRIL 22, 2014
got something more up to date?
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12-22-2015, 12:51 AM
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#63 | I WANT MY 10 YEARS BACK FROM RS.net!
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Originally Posted by Timpo | when you take the number of non-productive rich Chinese and living affordability into account, we are not.
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12-22-2015, 07:58 AM
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#64 | I contribute to threads in the offtopic forum
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According to debt/income ratio we actually have the poorest middle class lol
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Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | |
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12-22-2015, 09:01 AM
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#65 | I subscribe to Revscene
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Originally Posted by jasonturbo According to debt/income ratio we actually have the poorest middle class lol | |
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12-22-2015, 11:16 AM
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#66 | OMGWTFBBQ is a common word I say everyday
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Requested a refund for my Lily drone($500USD) I ordered last year, as they have extended the release date to Summer of 2016. I wasnt happy about that and you can get better drones nowadays.
I just made ~$200 from the exchange.. LOL
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01-12-2016, 05:02 PM
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#67 | I only answer to my username, my real name is Irrelevant!
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dipped into 0.699 range today
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01-12-2016, 05:15 PM
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#68 | Willing to sell body for a few minutes on RS
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This Mt. Baker trip is gonna fucking suck. Lift tickets will be as expensive as whistler, and the champagne of beers will actually cost as much as champagne.
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | |
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01-12-2016, 05:27 PM
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#69 | Rs has made me the man i am today!
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read the thread title and......... |
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01-12-2016, 09:05 PM
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#70 | Even when im right, revscene.net is still right!
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Picked up a set of these today before the dollar gets even shittier.
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01-12-2016, 09:16 PM
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#71 | I subscribe to Revscene
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Could the housing crash be right around the corner?
I would like to see how this corporate profit margin chart looks like now if anyone can find an updated one. http://www.revscene.net/forums/70265...15-2016-a.html |
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01-13-2016, 09:13 AM
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#72 | HELP ME PLS!!!
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Originally Posted by CharlesInCharge Could the housing crash be right around the corner? | I highly doubt it, considering the volatility of the Chinese stock market, in addition to our weak dollar, more money should be coming in to Canada from China.
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01-13-2016, 01:46 PM
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#73 | I subscribe to Revscene
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How many thousands of Saudi and Chinese million dollar house purchasers wouldve the US needed to stop its 2008 housing crash?
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01-13-2016, 02:17 PM
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#74 | Willing to sell body for a few minutes on RS
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TIL the U.S. housing market = Vancouver housing market. Thanks CIC.
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | |
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01-13-2016, 02:21 PM
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#75 | ninja edits your posts without your knowledge
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Originally Posted by CharlesInCharge | Haven't you been predicting the next economic crash for a couple years now?
As well as some sort of human enlightening a year or two back?
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