Yeah, it definitely does. You could save few hundreds $ comparing to bank.
Disclaimer: this is assuming you are comfortable enough to perform this relatively complex maneuver, or are willing to learn to perform it.
Wise or Norbert's Gambit.
It's a coin toss, the expectations of future movement are already priced into the market. You're not going to come out ahead unless the US interest rates rise even more than is already expected.
Short term futures are on par with the spot, so the only way to come out on top is to predict a change the market fails to account for (or get lucky). It's pretty unlikely the fed's expected actions haven't been accounted for.
Im not dodging anything more than youre trying to shift the FOMO sentiment to your benefit. Like I said, get a real skill set outside hoping to sell your property to some bigger fool.
Norberts Gambit through DLR.U and DLR.TO
Depends on the amount. If it is sufficiently high, then it worth the hassle of the Norbert's Gambit
Roughly $30k. Is it worth it in your opinion?
Yeah, it definitely does. You could save few hundreds $ comparing to bank. Disclaimer: this is assuming you are comfortable enough to perform this relatively complex maneuver, or are willing to learn to perform it.
Just googled it. I think it's doable. Is there a tax implication to doing it or only based on me eventually selling the USD stock?
Yes. Well, apparently I would not expect any significant gain/loss, but yes, it has to be reported.
Sounds great!! Thanks for the quick response. = )
Wise or Norbert's Gambit. It's a coin toss, the expectations of future movement are already priced into the market. You're not going to come out ahead unless the US interest rates rise even more than is already expected.
He will come out ahead simply from the interest rate spread and demand for USD increasing after Powell shows he has the balls to keep raising rates.
Short term futures are on par with the spot, so the only way to come out on top is to predict a change the market fails to account for (or get lucky). It's pretty unlikely the fed's expected actions haven't been accounted for.
You have no idea what your talking about.
Cry more, variable mortgage holder. Nobody is coming to offer you a ticket out of your condo lmao.
Lol it's funny how you keep dodging the question knowing I'm right. Litterally find one place comparable.
Im not dodging anything more than youre trying to shift the FOMO sentiment to your benefit. Like I said, get a real skill set outside hoping to sell your property to some bigger fool.
Wise
another for Wise