Quantcast
Buying US stocks and reducing fees/time - Beyond.ca - Car Forums
Results 1 to 3 of 3

Thread: Buying US stocks and reducing fees/time

  1. #1
    Join Date
    Jul 2008
    Location
    Tdot n CT
    My Ride
    15,000 red line
    Posts
    415
    Rep Power
    14

    Default Buying US stocks and reducing fees/time

    Iíve been through most of the hassles of buying US stocks:
    1. Buy in margin account, do overnight Cad-USD trade.
    2. Norbits gambit. Works but time consuming.

    Is there a way to buy US stocks with least pain and time constraints? Say you come across a deal Monday morning but have no USD in your account, whatís your plan of action while minimizing trading fees etc?

  2. #2
    Join Date
    Jun 2002
    Location
    Calgary
    My Ride
    Chevy Colorado ZR2
    Posts
    1,585
    Rep Power
    22

    Default

    Open both a USD and a CAD margin account. Transfer funds from your chequing or savings account via the Transfer Balance and agree on the conversion rate from CAD to USD.

  3. #3
    Join Date
    Jun 2002
    Location
    Calgary, Alberta
    My Ride
    Subaru Outback
    Posts
    1,015
    Rep Power
    22

    Default

    interactive brokers currency exchange fees are so cheap that you don't even have to worry about norbits gambit. Just keep the money in CAD and buy US stocks. The trick with IBKR is trying to understand their antiquated software.

Similar Threads

  1. Weed stocks? Yeah, weed stocks!

    By tcon in forum Real Estate / Finance
    Replies: 640
    Latest Threads: 11-12-2021, 05:38 PM
  2. Trainers/Physios/Ath Therapists - Reducing Running And Jumping Impact

    By sexualbanana in forum Health and Fitness
    Replies: 8
    Latest Threads: 04-14-2018, 10:39 AM
  3. Reducing Netflix bandwidth and possibly correcting other issues.

    By Seth1968 in forum Computers, Consoles, and other Electronics
    Replies: 4
    Latest Threads: 02-17-2014, 10:02 PM
  4. AE reducing credit limits?

    By SilverRex in forum Real Estate / Finance
    Replies: 5
    Latest Threads: 04-28-2009, 09:03 PM
  5. brokerage fees and buying rims from states????

    By littledan in forum General Car/Bike Talk
    Replies: 29
    Latest Threads: 05-26-2003, 07:39 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •