Comments on: Save on Canadian Dollar to US Dollar Conversions (and vice versa) http://www.canadiancapitalist.com/save-on-canadian-dollar-to-us-dollar-conversions-and-vice-versa/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Paul http://www.canadiancapitalist.com/save-on-canadian-dollar-to-us-dollar-conversions-and-vice-versa/#comment-1453297 Paul Tue, 31 Jan 2012 12:49:55 +0000 http://www.canadiancapitalist.com/?p=3564#comment-1453297 I'm a newbie. "Shorting the stock, then buy" - can you explain that in laymen's terms? Appreciate it. Love the blog. Paul I’m a newbie. “Shorting the stock, then buy” – can you explain that in laymen’s terms? Appreciate it.

Love the blog.
Paul

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/save-on-canadian-dollar-to-us-dollar-conversions-and-vice-versa/#comment-955162 Canadian Capitalist Sat, 01 Oct 2011 16:38:54 +0000 http://www.canadiancapitalist.com/?p=3564#comment-955162 @Alex: Fair enough. In fairness, it should be pointed out the Knightsbridge would be more expensive than the Norbert Gambit method. @Alex: Fair enough. In fairness, it should be pointed out the Knightsbridge would be more expensive than the Norbert Gambit method.

]]> By: Alex http://www.canadiancapitalist.com/save-on-canadian-dollar-to-us-dollar-conversions-and-vice-versa/#comment-953971 Alex Sat, 01 Oct 2011 05:35:24 +0000 http://www.canadiancapitalist.com/?p=3564#comment-953971 I used www.knightsbridgefx.com to buy US dollars, it was simple, better than the bank rates and other providers rates and quick, some of the other stuff above with stock changes was too confusing for me and i didnt want to screw anything up. I used http://www.knightsbridgefx.com to buy US dollars, it was simple, better than the bank rates and other providers rates and quick, some of the other stuff above with stock changes was too confusing for me and i didnt want to screw anything up.

]]> By: Greg http://www.canadiancapitalist.com/save-on-canadian-dollar-to-us-dollar-conversions-and-vice-versa/#comment-918627 Greg Tue, 20 Sep 2011 15:43:29 +0000 http://www.canadiancapitalist.com/?p=3564#comment-918627 Hey guys, there is really no need to go through all this hassle, when there are private fx brokers, like myself, that will give a 0.5-0.75% rate, and free wire transfers on USD/CAD conversions. Anything over 10K will easily qualify, and rates are negotiable. Check out our website, Knightsbridgefx.com. Hey guys, there is really no need to go through all this hassle, when there are private fx brokers, like myself, that will give a 0.5-0.75% rate, and free wire transfers on USD/CAD conversions. Anything over 10K will easily qualify, and rates are negotiable. Check out our website, Knightsbridgefx.com.

]]> By: Changing Money » Mark's Blog http://www.canadiancapitalist.com/save-on-canadian-dollar-to-us-dollar-conversions-and-vice-versa/#comment-868470 Changing Money » Mark's Blog Fri, 02 Sep 2011 02:24:14 +0000 http://www.canadiancapitalist.com/?p=3564#comment-868470 [...] There a post with some additional links on this here. [...] [...] There a post with some additional links on this here. [...]

]]> By: Instant Norbert Gambit for All TD Waterhouse Investment Accounts | Canadian Capitalist http://www.canadiancapitalist.com/save-on-canadian-dollar-to-us-dollar-conversions-and-vice-versa/#comment-783381 Instant Norbert Gambit for All TD Waterhouse Investment Accounts | Canadian Capitalist Wed, 27 Jul 2011 04:01:41 +0000 http://www.canadiancapitalist.com/?p=3564#comment-783381 [...] The Norbert Gambit is an excellent method for converting currency cheaply at discount brokers but some clients of TD Waterhouse have found gambitting with stocks in an investment account involves delays. A friend of mine purchased RIM on the TSX and hoped to sell RIMM on NASDAQ only to be told be TDW that he has to wait for the initial buy to settle (3 days) and a further 2 days before the journaled shares showed up in the US Dollar side of the account. My friend turned out to be lucky – RIM gained 10 percent during the wait but seeing how often RIM trades down these days, the story could have turned out differently. Now, thanks to the efforts of a Canadian Money Forum member who wishes to remain anonymous, all TD Waterhouse clients can implement instant gambits in their investment accounts. The member was also kind enough to put together the following post on how TD Waterhouse clients can make gambitting work for them. [...] [...] The Norbert Gambit is an excellent method for converting currency cheaply at discount brokers but some clients of TD Waterhouse have found gambitting with stocks in an investment account involves delays. A friend of mine purchased RIM on the TSX and hoped to sell RIMM on NASDAQ only to be told be TDW that he has to wait for the initial buy to settle (3 days) and a further 2 days before the journaled shares showed up in the US Dollar side of the account. My friend turned out to be lucky – RIM gained 10 percent during the wait but seeing how often RIM trades down these days, the story could have turned out differently. Now, thanks to the efforts of a Canadian Money Forum member who wishes to remain anonymous, all TD Waterhouse clients can implement instant gambits in their investment accounts. The member was also kind enough to put together the following post on how TD Waterhouse clients can make gambitting work for them. [...]

]]> By: Gabriel http://www.canadiancapitalist.com/save-on-canadian-dollar-to-us-dollar-conversions-and-vice-versa/#comment-689357 Gabriel Thu, 30 Jun 2011 15:56:52 +0000 http://www.canadiancapitalist.com/?p=3564#comment-689357 Has anyone used this strategy with Questrade? I talked to the customer support rep and I was told that they don't charge any fee or other cost than their normal $4.95 min. They said that this transaction doesn't go to the trade desk. Can someone share their experiences with Questrade in that matter? Has anyone used this strategy with Questrade? I talked to the customer support rep and I was told that they don’t charge any fee or other cost than their normal $4.95 min. They said that this transaction doesn’t go to the trade desk. Can someone share their experiences with Questrade in that matter?

]]> By: A Foolproof Method to Convert Canadian Dollars into US Dollars « MoneySense http://www.canadiancapitalist.com/save-on-canadian-dollar-to-us-dollar-conversions-and-vice-versa/#comment-551549 A Foolproof Method to Convert Canadian Dollars into US Dollars « MoneySense Thu, 26 May 2011 14:47:56 +0000 http://www.canadiancapitalist.com/?p=3564#comment-551549 [...] traditional Norbert Gambit takes advantage of inter-listed Canadian stocks (RIM on the TSX and RIMM on NASDAQ, for example) [...] [...] traditional Norbert Gambit takes advantage of inter-listed Canadian stocks (RIM on the TSX and RIMM on NASDAQ, for example) [...]

]]> By: A Foolproof Method to Convert Canadian Dollars into US Dollars | Canadian Capitalist http://www.canadiancapitalist.com/save-on-canadian-dollar-to-us-dollar-conversions-and-vice-versa/#comment-549877 A Foolproof Method to Convert Canadian Dollars into US Dollars | Canadian Capitalist Thu, 26 May 2011 01:22:27 +0000 http://www.canadiancapitalist.com/?p=3564#comment-549877 [...] traditional Norbert Gambit takes advantage of inter-listed Canadian stocks (RIM on the TSX and RIMM on NASDAQ, for example) [...] [...] traditional Norbert Gambit takes advantage of inter-listed Canadian stocks (RIM on the TSX and RIMM on NASDAQ, for example) [...]

]]> By: Horizons BetaPro Introduces USD version of US Dollar Currency ETF (TSX: DLR.U) | Canadian Capitalist http://www.canadiancapitalist.com/save-on-canadian-dollar-to-us-dollar-conversions-and-vice-versa/#comment-527657 Horizons BetaPro Introduces USD version of US Dollar Currency ETF (TSX: DLR.U) | Canadian Capitalist Thu, 12 May 2011 14:49:07 +0000 http://www.canadiancapitalist.com/?p=3564#comment-527657 [...] two trades, the bid-ask spread and any change in the discount/premium over NAV. Note that unlike the Norbert Gambit with inter-listed stocks, investors are taking zero market risk when trading [...] [...] two trades, the bid-ask spread and any change in the discount/premium over NAV. Note that unlike the Norbert Gambit with inter-listed stocks, investors are taking zero market risk when trading [...]

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