@tylerallison92: I just discovered this commission free way of converting CAD to USD. Wish I had known this earlier so I’m sharing it with all of you because it is a great way to save a few bucks!
It costed you 22$, To buy DLR on cad side is 10$ commission, selling it on US side is also 10$ commission plus small fees. But yes it’s the best way to do it. It’s called Norberts gambit.
2026-09-18 22:04:38
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Kelvin 🇨🇦 :
Must be nice to have 100K sitting around ❤️
2026-09-19 14:56:34
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LA :
I use Wise. So easy to set up. Literally every currency.
2026-09-19 07:01:49
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Nick Tellalian :
I don’t understand
2026-09-19 13:59:11
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Beeg :
now sell it and convert back to Canadian and force made back your 11 bucks
2026-09-18 21:59:18
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IvanKurt :
What’s ur brokerage/platform? Wealthsimple?
2026-09-19 06:30:22
0
will🇨🇦 :
Norbit‘s gambit has been around for I don’t know since the start of those exchange traded funds. It’s only worthwhile if you’re looking for larger dollar amounts and you’re willing to wait and transfer the money later but, you just looking for you know $5000 in exchange currency exchange exchange it somewhere beyond with your day. Or get a US dollar credit card or a use your tangerine or Scotiabank card in a Bank of America ATM in the states and the same base rates. Seems to be a silly thing unless you’re talking about $50-$100,000 in trades.
2026-09-18 22:46:13
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i.lukas :
It’s called journaling! I’ve used few times now, great tip!
2026-09-18 21:35:45
1
Makseeem :
Norbert’s Gambit
2026-09-18 23:17:40
7
Kyle Shannan :
Setting up the daytrading account?
2026-09-19 18:43:01
0
James Taylor :
How much did all this cost you lol. Nice Comarci
2026-09-19 00:50:54
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Banana43884 :
Just open an account an Interactive Brokers, would have cost less than $5 😂
2026-09-19 14:23:26
1
Brampton_Vodden 🇨🇦 :
It's called Norbert's gambit and that's NOT how dividends work. You only get paid if you hold it when it goes ex-div.
2026-09-19 00:07:47
5
s33jav 🏗️ 👷🏻♂️ 🇦🇺 :
Just get Wise card bro
2026-09-18 21:33:06
3
footsie80 :
I had no idea either. I’m an idiot and lose my shirt every time I “invest” in the market
2026-09-19 01:19:55
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Lumber jack :
You could just buy XRP.
2026-09-19 00:45:18
2
yvrguidegabby :
Pretty sure you only get the dividend if you’re holding it during the record date. Not if it just sits there for 2 days.
2026-09-19 02:16:09
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misterz68 :
Talk about the tax consequences
2026-09-18 22:18:32
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he_is_so_popular :
You’re saving the 1-1.5% FX fee most banks charge…one important thing is to ask how long the journaling takes. Same day? Most allow you to do it online.
2026-09-19 00:39:27
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MrSupaficiaL :
Are there any tax implications to this. Once you hold usd do you need to file something through the US?
2026-09-19 01:33:38
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Hound :
Wealthsimple?
2026-09-19 00:16:39
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Lotte de Boer 🇳🇱 :
fr bro, seeing small outcomes from ai dropshipping makes the learning process feel more real
2026-09-20 00:10:53
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Roger Warren :
Oh wow that’s sweet. Going to Hawaii this winter!
2026-09-19 00:18:53
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Travis :
Unless US dollar changes more than 1% in those two days
2026-09-19 01:25:12
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tar :
now u can put ur hat on properly. 👍
2026-09-18 22:21:47
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