Recently sold my property in Canada and received $600K Canadian dollars. I work in the US so I will have to convert it to USD as the plan is to purchase a new home. Given the current volatility in the market, what should I do?
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Hold it in Canadian dollar (invest in safe investments - bonds) then transfer to USD when the conversion rate improves?
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Convert to USD now and invest in safe investments - CD/T-Bills until real estate market improves?
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Spread it across different investments in USD (since FX rates are unpredictable) then buy a property when the timing is right?
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Keep it in Canada until the US market stabilizes.
I think there are too many variables I’m trying yo address, such as FX rates, real estate and equity investments, and I am interested to hear advices on how to approach this cash.
Submitted July 04, 2023 at 11:20PM by Eagles8112 https://ift.tt/GCP8y5Z
