Hey everyone,
I’m considering using Norbert’s Gambit on Questrade to convert about $2,000 CAD → USD so I can buy U.S. equities (MAG companies) and some U.S.-listed ETFs.
I just realized Questrade charges a $10 journaling fee for the gambit.
Would it be more cost-effective to:
* do the gambit, pay the $10 fee, and buy the USD stocks/ETFs directly, accepting currency fluctuations, or
* stay in CAD and buy Canadian ETFs + CDRs, which avoids conversion steps and gives built-in CAD hedging to reduce currency risk?
I’m mainly trying to balance:
* FX spreads vs MER differences
* fixed $10 fee impact on a smaller amount
* simplicity/behavioral benefits
* whether hedging risk even matters if part of the portfolio will be in USD anyway.
Curious what you would do at this dollar amount.