Q: Hello 5i,
This is a comment in response to the question Dale posed earlier about Norbert's Gambit. If I understood his comment correctly, he uses N.G. for CAN. to USD conversions, but can't for USD to CAN.
I use N.G. for both, but mostly for USD to CAN. and I wonder if it is more a function of his broker? I use RBC Direct Investing (for better or worse), but I do find that I have no problems with using Norbert's Gambit at all. The first time I did it, I called D.I. for some help and they were fully aware of the process and had absolutely no qualms about it as a currency exchange mechanism.
Perhaps if Dale posted to the Forums, those of us who use it both ways could offer some suggestions?
Hope this is of some help.
Cheers,
Mike
This is a comment in response to the question Dale posed earlier about Norbert's Gambit. If I understood his comment correctly, he uses N.G. for CAN. to USD conversions, but can't for USD to CAN.
I use N.G. for both, but mostly for USD to CAN. and I wonder if it is more a function of his broker? I use RBC Direct Investing (for better or worse), but I do find that I have no problems with using Norbert's Gambit at all. The first time I did it, I called D.I. for some help and they were fully aware of the process and had absolutely no qualms about it as a currency exchange mechanism.
Perhaps if Dale posted to the Forums, those of us who use it both ways could offer some suggestions?
Hope this is of some help.
Cheers,
Mike