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USD or CAD Hedged
I was wondering what's a good way to invest in a US stock. i use wealthsimple but every time I am making a US stock trade I lose 1.5% on currency conversion. And then I see this CAD hedged cheaper alternatives to the same stocks that mirror the original stock performances...wondering what's the catch and if its worth it?
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@Preet Singh do you know how much the monthly fee is? If you sell any stock within the US account, then you keep the US dollar value instead of having it automatically convert to CAD in the normally trading account? Do you know if you can have that US trading account as a TFSA, or how does that work?
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