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Old 06-13-2011, 01:00 AM   #1
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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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Old 06-13-2011, 03:44 AM   #2
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Simple.....spend it!!






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Old 06-13-2011, 03:49 AM   #3
RS.net, where our google ads make absolutely no sense!
 
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I'd say keep it until the value goes back up again.
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Old 06-13-2011, 12:29 PM   #4
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spend it, buy gold or convert it back
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Old 06-13-2011, 12:33 PM   #5
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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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Old 06-19-2011, 03:45 AM   #6
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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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Old 06-19-2011, 10:23 AM   #7
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lol @ mutual fund
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Old 06-19-2011, 12:20 PM   #8
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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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Old 06-28-2011, 12:17 AM   #9
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convert it to bitcoins LOL.
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Old 06-28-2011, 12:40 AM   #10
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Donate it...
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Old 06-28-2011, 12:54 AM   #11
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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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Old 06-28-2011, 10:37 PM   #12
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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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Old 06-28-2011, 11:12 PM   #13
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Is Scotia iTRADE a good site to do online trading? or is there a better place?
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Old 06-29-2011, 10:37 AM   #14
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Quote:
Originally Posted by leilomo View Post
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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Old 07-01-2011, 10:07 AM   #15
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^ what's your target price on silver? Where are you looking to buy your bars? Send me a pm...
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Old 07-01-2011, 12:00 PM   #16
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vbce for buying physical
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Old 07-01-2011, 03:15 PM   #17
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i know of vbce, they charge 5% spread...there are probably better places.
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Old 07-04-2011, 12:21 PM   #18
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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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