I have been looking into ways to transfer a large sum $100K plus of money from my USD brokerage account to my CAD account and not get nailed with my brokers 1% fee.
Obviously I have been aware of Norbert’s Gambit, but I have run into a source that has stated it is not as good going from USD to CAD because this exposes you to FX volatility. I am a bit confused though, would you not be exposed to this same volatility going from CAD to USD? And how how this differ from just holding my USD stock and being exposed to this volatility?
I have also thought about just buying a duel listed stock like Royal and going that route. Any advise would be greatly appreciated!
Submitted April 18, 2021 at 10:01PM by tcoll150 https://ift.tt/3anL8Xb
