Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > World Forums > Canada > Calgary
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 01-05-2016, 07:22 PM
 
Location: Canada Eh
57 posts, read 118,938 times
Reputation: 20

Advertisements

Braniac bean counters please answer - Rather than play a waiting game what would you advise: I have 10 jelly beans in US funds. I only need 1 of those jelly beans to take a few trips this year. Should i put the other 9 into Cdn $ now, or 4.5 of them and hold the remaining 4.5? Less? More? Thanks for opinions ... I know crystal ball, etc. I am thinking convert 3 JBs this week ....
Reply With Quote Quick reply to this message

 
Old 01-06-2016, 08:56 AM
 
Location: Kalamalka Lake, B.C.
3,563 posts, read 5,348,287 times
Reputation: 4975
I'm glad I took my American pension in US dollars. I'm moving Cdn. into US ongoing for at least the next year.
At best even the major Canadian banks have been calling for over a year now a flat drop down to 70. cents versus the US.
Reply With Quote Quick reply to this message
 
Old 01-06-2016, 01:52 PM
 
Location: Canada Eh
57 posts, read 118,938 times
Reputation: 20
duh sorry, confused ... so rather than converting your US $ into Cdn and banking the +30% here, you are doing the opposite? Why does this not make sense to me?
Reply With Quote Quick reply to this message
 
Old 01-06-2016, 02:21 PM
 
Location: Hougary, Texberta
9,019 posts, read 14,210,164 times
Reputation: 11029
He's done it over the past year, so now that it's nearing what I would think is the bottom, he can convert it back and take the gain.

As far as what to do for you, it depends on your risk profile. How much further do you think the floor is? Personally, I think we're pretty close, as in a penny or two. $CDN is tightly hitched to the price of oil so that is where you need to be looking. Oil should be soft for the next nine months or so, providing a full on shooting war doesn't start in the mid-east. As oil climbs, so will $CDN.
Reply With Quote Quick reply to this message
 
Old 01-07-2016, 05:01 AM
 
Location: Canada Eh
57 posts, read 118,938 times
Reputation: 20
aha - OK thanks, yes I agree with you and as well not to get too greedy - be happy with a 30% gain and so transfer a chunk there, then wait a few months and repeat / reassess. cheers
Reply With Quote Quick reply to this message
 
Old 01-16-2016, 08:43 PM
 
7,489 posts, read 4,897,206 times
Reputation: 8031
If I did not need those jelly beans for another 3-5 years, I would invest 4.5 jelly beans in Canadian money. I agree that when the price of oil goes up, the Canadian dollar will also rise, but it might take two years for the Canadian dollar to recover. Oil/dollar is not a 1:1 recovery rate.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > World Forums > Canada > Calgary

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top