Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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From: steve adev	10/27/2008 4:56:26 AM
	of 62347

Buying funds and high price of USD relative to CAD I live in Canada and because of low prices, I am considering investment in some index fund (or mutual fund). Mostly interested in US market and then Canada. Most of my money is in Canadian Dollars (CAD). Right now CAD is extremely cheap and USD expensive and my bet is that a year from now USD will be much cheaper relative to CAD. My understanding is that indexes and stocks are measured based on USD? Right? So if I buy any fund, in a year or two I have lost a good amount of money (possibly more than 10% - 20%) just because of currency fluctuations. My question is this: - First if I am missing something please let me know. - Does this apply to buying Canadian funds? E.g. if I buy a Canada TSX index fund will the same argument still apply? I am thinking if the index and prices are measured in USD it doesn’t matter that I pay CAD. Still there is a hidden conversion to USD? - How do you avoid this kind of problem? Do you convert CAD to USD well beforehand when USD is cheap and vice versa?

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