Could you elaborate on your chosen ratio of CAD to USD? I am a novice investor and haven't thought about what ratios are healthy.I don't feel great about this timing, but I sold 30K of USD that I had been sitting on, sold @ 1.308
I have both CAD+USD cash but when I looked at the ratio, I found I was holding way more USD than I want. My targets are 75% CAD and 25% USD cash for a bit of diversification.
Just wish I had sold earlier For a few weeks now I've been thinking to myself, I hold too much USD and should convert some. Oh well.
I'm deciding based on where I think I will spend cash in the coming years. I [used to] frequently take vacations in the US, and I'm definitely going to spend USD in the future.Could you elaborate on your chosen ratio of CAD to USD? I am a novice investor and haven't thought about what ratios are healthy.
That might be a good idea to keep USD cash on hand, but that's not an issue for me. I mostly invest in the US using ZSP, an ETF based in Canada (trades in CAD) which gives pure S&P 500 index exposure. When you buy ZSP, the currency conversion happens automatically. So even when I'm investing in the US, my buy orders are in CAD.Does investing in the US market vs Canadian market play a role at all? For example the ability to invest in Nasdaq and NYSE?
Luckily, we have access to the American market through Canadian listed ETFs, so just like James, I use the same ZSP. for Nasdaq I use ZQQ(hedged) and ZNQ(unhedged).Does investing in the US market vs Canadian market play a role at all? For example the ability to invest in Nasdaq and NYSE?
Why are you ditching real estate?Sold ZRE and XRE in TFSAs. Not yet replaced.
Sold ZDV in taxable plus some Riocan to balance loss/gain.
moved CM,BNS,EIF,TRP,TD in RRIFs, in kind, to add to same in taxable accounts.
What is a coupon? Is it a type of bond?Last April, in midst of Covid market crash, I sold some risky equities and bought several short term GICs, bonds and coupons (in our taxable accounts). Most have matured, but for some reason I also bought a Bell coupon with 2026 maturity. Coupons are a pain to keep track of for tax purposes, so I decided to sell. In a registered account, I would have kept it.
i paid $8278.80 last April. Today I sold (after $100 commission) for $8990.90. Total of about 9 months. Capital gain $712.10. 8.6% or 11.47% on annual basis!
This is it: CPN BELL CANADA SERIES EU @ 82.7880C$ 10.00% BOOK ENTRY ONLY DUE 06/01/2026 YIELD:3.1046% S/A;3.1287% ANN. Currently 90.xxC$ yielding about 2%.
Congrats!Just sold BB at $30.05. May regret doing that too soon but can't complain - never thought I would make a profit on what was left of my BB. May buy it back again if it gets back under $10.00.
Yes it is. You don't actually get paid any interest. You buy the bond (coupon) at a discount and collect the full face value at maturity. In the case I mentioned, I paid about 83.00 and would have received $100 at maturity. For tax purposes, you have to declare interest each year even although you don't receive it. You also have to add this annual interest to your acb. At maturity, your acb equals the face value so there is capital gain. Not a problem in a registered account, but a lot of accounting in taxable account.What is a coupon? Is it a type of bond?
Put in a buy order for 2000 shares @ 93 this morning, got hit about 3:30 then took off up. This is the first time I hit it exactly. Up $5000 at end of day. Will buy more in the next few days.Got stopped out of TQQQ yesterday when it took a fast drop. Entered the position Nov 3, booked a profit over $100,000. Will probably get back in , in a few days, especially if it fills the gap by dropping to 93.