@financewithpanth: 💱 Paying high currency conversion fees? There’s a smarter way. When Canadians buy U.S. stocks, brokers usually charge 1–2% currency conversion fees. But many investors use a strategy called Norbert’s Gambit to reduce that cost. Here’s the basic idea 👇 1️⃣ Buy a stock/ETF that trades in both CAD and USD (like DLR.TO). 2️⃣ Ask your broker to journal the shares to the USD version (DLR.U). 3️⃣ Sell it in USD — now you’ve converted your CAD to USD with very low fees. 💡 This method is commonly used by investors who regularly buy U.S. stocks. It’s not complicated — it just requires understanding the steps. ⸻ Keywords: norberts gambit, currency conversion canada, investing in us stocks canada, cad to usd investing, canadian investors, tfsa investing, rrsp investing, stock market canada, long term investing, wealth building Disclaimer: This content is for educational purposes only. Always do your own research before investing.

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Monday 16 March 2026 23:13:16 GMT