Chances are the last thing on your mind is how you're going to save money
on currency conversion fees, securing pocket cash and on your foreign purchases.
Chances are the last thing on your mind is how you're going to save
money on currency conversion fees, securing pocket cash and on your foreign purchases.
If I recall correctly Interactive Brokers has no mark -
up on currency conversions (and charges $ 1 commission per board lot on many transactions).
When I moved to TDDI, they were one of the few ones around that offered wash trading in registered accounts, which helped save a pile
on currency conversions when switching from foreign stocks to broad market ETFs.
When I moved to TDDI, they were one of the few ones around that offered wash trading in registered accounts, which helped save a
pile on currency conversions when switching from foreign stocks to broad market ETFs.
Of course, your mutual fund, takes your Canadian dollars, converts them to US dollars and buys US stocks but as a large investor, the fund will be paying teeny tiny fees
on currency conversions compared to a retail investor.
Home prices across Greater Vancouver, in British Columbia, are set to depreciate by 8.5 % year - over-year in 2017, dragged down by the recent Land Transfer Tax on Foreign Nationals and China's State Administration of Foreign Exchange imposing new, stricter
requirements on currency conversions.
Based on a previous Canadian Capitalist post I decided to try Norbert's Gambit to save money
on currency conversion using RBC Direct Investing.
In these 5 years they bought 2 properties on my name for me worth around # 12000 x 2 = # 24K,
based on currency conversion rate of that time.
The automatic washing helps in saving
on currency conversion charges when selling a security denominated in US dollars and buying another USD security even on different days.
Beyond that, because the card is issued by MasterCard, it likely has a slight
edge on currency conversion compared to cards issued by Visa.
The company believes that this new addition to the market will greatly benefit European Bitcoiners, who can use the card to save
money on currency conversion fees when traveling around the region.
While most brokerages now allow you to hold USD in registered accounts, they still tend to gouge
you on currency conversion.