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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: RSP investment with USD asked by Edward

TD Waterhouse allows investment in USD. You have to ask TDW that you want to keep the USD currency. So you will pay the conversion the first time, then they will invest the USD cash in US Money Market Fund. Whenever you buy, you will see the transaction converted to C$, but someone in their Ottawa office will cancel the currency conversion the next day, and change the trade in USD only, and enter an order to redeem US Money Market Fund for that purchase. When you sell US stock, someone will convert that order back into USD the next day, and enter an order to buy US Money Market Fund with the proceeds. They keep a few people in their Ottawa office to do this. I was told they were going to make an RSP USD account so they don't need to do this manual thing, but a few months passed and they have not done that yet. The point is we don't have to lose currency conversion loss every time we trade, only the first time (which you can achieve by converting CAD to USD, or sell an interlisted stock on NYSE such as BTE RY or TCK), and the time when you want to withdraw funds from RSP as they only do CAD withdraw at the moment.
I found this 8 months ago when I wanted to sell a stock that was halted on TSX but continue to trade OTC in US, and have since use that proceeds to trade US stocks only, trading and investing in AXL MTG FNMA TEN PHH MITK ORI etc.
Read Answer Asked by Kevin on July 25, 2013
Q: Re US funds, I pay 30 dollars a quarter toScotia Itrade in my rrif and receive the bank's exchange rate which is a great incentive to trade US stocks.
Read Answer Asked by Alex on July 25, 2013
Q: Companies are buying their shares back.What does this tells us on the long term? Your opinion would be appreciated.Thanks.Emml
Read Answer Asked by Emmanuel on July 25, 2013
Q: Peter; This is for Edward re the RRSP and US Funds. I deal at BMO InvestorLine and once you convert to
US funds to buy US equities it stays in USF. If you sell someting you just request settlement in USF . Rod
Read Answer Asked by Rodney on July 25, 2013
Q: I presently have a self-directed RSP account at TD Waterhouse WebBroker and use it to buy and sell shares on the NASDAQ. TD allows this but they convert the funds to U.S. on the purchase and then convert back to Canadian funds on the sale for each transaction. This is expensive. Are you aware of any discount broker that has a self-directed RSP U.S. account where the funds would be left in U.S. dollars and not converted to Canadian each time as I would like to continue investing in the U.S. through my RSP account.
Read Answer Asked by Edward on July 25, 2013
Q: Hi. I'm new to the service and excited about the fresh look at research and the personal advice. Would I be wrong to start building a portfolio using the 'A' rated stocks providing they are in different sectors and industry.
Read Answer Asked by Barry on July 25, 2013
Q: Your thoughts on DHX-T? The Company has had a great run. Do you see material upside from current levels?
Read Answer Asked by Sasha on July 25, 2013
Q: Would convertible bond funds such as AVK-N, CCI.UN-T, NCD.UN or CVD-T be safer and/or more likely to hold their value than bond funds or reits over a period of time as interest rates increase and as primarily income vehicles in a conservative portfolio?

Thank you.
Read Answer Asked by Donald on July 25, 2013
Q: If you were considering a US Model Portfolio, what would you do?...am I putting you on the spot?

Thanks, you are great!
Read Answer Asked by Gregory on July 25, 2013
Q: Thanks for all your help so far. I like small stocks $5.00 and less. I own SYZ up .65 I was told it might be hard to sell if I wanted to because of low volume? Should there be a certain amount of volume before I get involved with a stock? Should I stay with SYZ. I'm also interested in CMI I'm finally starting to get ahead since I joined and have been listening to your answers. Thank You Very Much. Andy
Read Answer Asked by Andy on July 25, 2013
Q: Hi folks. If we wanted a more conservative Model Portfolio, would you add any other companies or change the allocation from equal weighting to some other allocation? I would add a fixed income portion of approximately 50-60% and am not looking for suggestions regarding that portion.
Read Answer Asked by Gregory on July 25, 2013
Q: This small cap(MSL)was recommended by James Hodgins on BNN. At the time it was trading at $1.20. Your opinion would be appreciated.
Read Answer Asked by Alfred on July 25, 2013
Q: Can pls have your comments on solium capital and has run to far.

Thanks
Paul
Read Answer Asked by Paul on July 25, 2013
Q: Any thoughts on investing internationally at the moment into an etf like CIE
Read Answer Asked by Karl on July 25, 2013
Q: Hi what is your opinion on the small cap us market in terms of valuation and growth prospects. Can you recommend an ETF
Read Answer Asked by Karl on July 25, 2013
Q: Colabor Group (GCL) has had a nice price jump since announcing second quarter results on July 17/13. Is this a buying or selling opportunity for holders of the stock?
Read Answer Asked by Daniel on July 25, 2013
Q: Hi, I own Leisureworld (LW)and wonder whether I should consider it as part of my REIT portfolio or not. I know it is officially a corporation, but is it really a REIT in disguise, or should it be considered separately as a long term care provider? If it is quasi-REIT why has it performed so much better YTD than REITS in general. Thanks.
Read Answer Asked by Gary on July 25, 2013
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