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#1
06-01-2007, 12:11 PM
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Canadians....what\'s the best way to combat the stupid US dollar
So the CDN dollar is at around 94.3 US. Some of us are losing lots of money because of this. I have my BR in a US currency ING acct making 3.5% (i think). The forecast on the radio is that by then end of the year, CDN dollar will be on par with US. If so, that's another 6% we lose just by keeping our money in US funds. Is it wise to convert everything right now and at least potentially save 6% or is there a smarter solution?
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#3
06-01-2007, 12:33 PM
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Re: Canadians....what\'s the best way to combat the stupid US dollar
[ QUOTE ]
forecast is [censored]. efficient market FTW. [/ QUOTE ] The forecast was right about a year ago when the dollar was at 85 and they said it would be over 90 in the next few months. What's FTW.....and while we're at it, whats SHIIP and QTF?thanks
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#4
06-01-2007, 12:58 PM
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Re: Canadians....what\'s the best way to combat the stupid US dollar
[ QUOTE ]
[ QUOTE ] forecast is [censored]. efficient market FTW. [/ QUOTE ] The forecast was right about a year ago when the dollar was at 85 and they said it would be over 90 in the next few months. What's FTW.....and while we're at it, whats SHIIP and QTF?thanks [/ QUOTE ] All explained here.
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#5
06-01-2007, 12:59 PM
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Re: Canadians....what\'s the best way to combat the stupid US dollar
qft quoted for truth
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#6
06-01-2007, 01:02 PM
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Re: Canadians....what\'s the best way to combat the stupid US dollar
[ QUOTE ]
What's FTW.....and while we're at it, whats SHIIP and QTF?thanks [/ QUOTE ] Urban Dictionary is a good resource for figuring out geeky message board acronyms. Also, it's QFT and SIIHP FWIW
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#7
06-01-2007, 01:20 PM
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Re: Canadians....what\'s the best way to combat the stupid US dollar
[ QUOTE ]
[ QUOTE ] [ QUOTE ] forecast is [censored]. efficient market FTW. [/ QUOTE ] The forecast was right about a year ago when the dollar was at 85 and they said it would be over 90 in the next few months. What's FTW.....and while we're at it, whats SHIIP and QTF?thanks [/ QUOTE ] All explained here. [/ QUOTE ] DOH! Got me! How can you do that to a fellow Canadian!
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#8
06-01-2007, 01:21 PM
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Re: Canadians....what\'s the best way to combat the stupid US dollar
[ QUOTE ]
[ QUOTE ] What's FTW.....and while we're at it, whats SHIIP and QTF?thanks [/ QUOTE ] Urban Dictionary is a good resource for figuring out geeky message board acronyms. Also, it's QFT and SIIHP FWIW [/ QUOTE ] It doesnt seem to have SIIHP
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#9
06-01-2007, 02:43 PM
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Re: Canadians....what\'s the best way to combat the stupid US dollar
[ QUOTE ]
forecast is [censored]. efficient market FTW. [/ QUOTE ] Why do you say that? Interest rates will surely go up soon with the recent reports on core inflation and GDP growth, and that tends to drive up the currency as well. I've seen forecasts with areas that I certainly don't agree with, but the dollar continuing to go up in the short-term is highly likely.
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#10
06-01-2007, 02:55 PM
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Post deleted by Mat Sklansky
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Linear Mode
