Q: Hi,
Under your analytics tool, it's clear that I am too heavily weighted to Canadian stocks. To solve that problem, I'd like to get some US cash to purchase more US stocks. To do that, I'd like to use Norbert's Gambit.
I'm also overweight Canadian financial stocks so my thought is to sell my, for example, TD stock on the US dollar side of my RRSP account to get the US cash.
I would then buy GOOG or some other strong tech stocks as I'm currently underweight tech.
Based on what I've read about Norbert's Gambit, it's often suggested to buy DLR on the Canadian side and then sell DLR.U on the US side to get your US cash.
My question is - as I already have some stocks that are dual listed, such as TD, can I simply sell them on the US side of my account rather than buying the DLR and going that route. Does that make sense?
Thanks so much. Great service for the average Canadian.
Under your analytics tool, it's clear that I am too heavily weighted to Canadian stocks. To solve that problem, I'd like to get some US cash to purchase more US stocks. To do that, I'd like to use Norbert's Gambit.
I'm also overweight Canadian financial stocks so my thought is to sell my, for example, TD stock on the US dollar side of my RRSP account to get the US cash.
I would then buy GOOG or some other strong tech stocks as I'm currently underweight tech.
Based on what I've read about Norbert's Gambit, it's often suggested to buy DLR on the Canadian side and then sell DLR.U on the US side to get your US cash.
My question is - as I already have some stocks that are dual listed, such as TD, can I simply sell them on the US side of my account rather than buying the DLR and going that route. Does that make sense?
Thanks so much. Great service for the average Canadian.