Q: Good afternoon,
I am hoping to fill out a couple positions in my non registered account.
I’d like to do so while changing currency. Would it be worth selling the CDR, wait 30 days and rebuy in your prediction.
I’m assuming we may see some further downward pressure with tax season around the corner. What would be your strategy here?
Thank you.
I am hoping to fill out a couple positions in my non registered account.
I’d like to do so while changing currency. Would it be worth selling the CDR, wait 30 days and rebuy in your prediction.
I’m assuming we may see some further downward pressure with tax season around the corner. What would be your strategy here?
Thank you.
5i Research Answer:
We would be fine with the general idea here. Predicting what any names will do over a 30-day period is of course difficult, so there is some risk that stocks may move away from you over that 30-day period but of course, this goes both ways.