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The $1M Club
210 members • $1/month
3 contributions to The $1M Club
11d •
Currency exchange risks
What's everyone's thoughts on CDRs? Worth holding for the long term or is it better to just have the asset in NASDAQ/NYSE?
0 likes • 11d
Thanks for the reply Peter, very informative. It seems that CDRs should perform the exact same as its USD counterpart, except for those that are CAD hedged. It also seems to be more convenient to own for canadians than it is to sell since they're not as liquid. But I guess what I'm trying to figure out is if you miss out on any growth by buying CDRs? I currently use IBKR (super cheap brokerage and fx) for my USD stocks and questrade for canadian assets. IBKR takes a few days to transfer money and Questrade has high fx fees or NG which takes a few days. I'm debating on opening up an investing account with one of our major banks just for ease of transferring large sums of money but their $10 fee per trade and fx fees are absurd. Do you have any suggestions? or do I just have to bite the bullet and accept higher fees in hopes of maximizing convenience.
2 likes • May 21
It's a $1000 stock in the future
Mar 10 •
I QUIT
After 15 years in marketing, I’ve realized I’m simply tired and would rather spend my time with my family than building marketing campaigns for large public companies with my team. Throughout 2026, I am transitioning THRYV AI Corp into a media company for my YouTube channel and will no longer accept new advertising clients; I’ll maintain current clients for now but will slowly phase them out and refer them to other agencies and find my employees work at other companies for the same salary. My future income will flow from my media properties, various investments, and also this portfolio I am building publicly, which I’m driving toward a $2M goal within two years to generate a sustainable $10,000 monthly. I’ve already started by adding $50k of HYLD to my non-registered account, $10k of TSPY and more ISBG to my USD RRSP, and increasing my HDIV in my TFSA, focusing on core positions with minimal NAV erosion so the principal keeps growing even as I draw 80% of the distributions. This has been a long time coming, I originally planned on working until 45, but I simply can't...I'd much rather just invest, make youtube videos, brain storm with everyone in the $1M Club, and hang out with my wife and kids. Here's to a new chapter. I've attached some screenshots of the updated portfolio, I injected about $350,000k CASH into this portfolio to help build my initial positions.
3 likes • Mar 10
Cheers to a new chapter in life. May you find much happiness and wealth with your family. I will continue to follow you as a inspirational figure though out this journey.
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