03-12-2015, 08:01 PM
Hi Friends,
I'm a brand new member and am really excited to be joining the community. Looking forward to reading all your insights and slowly slogging through all the threads. I have an immediate question which I tried to search for but couldn't find anything.
I know the argument against market timing but what about currency exchange? I'm Canadian and I currently have 20% in an intl ETF (XEF), 20% in a SP500 index (VUN) and the rest I have split up into 12 canadian dividend growth stocks at about $2,000 in each. Is 20% enough US exposure? I have been antsy to dive into some US consumer stocks because my Canadian stocks are mostly Utilities, Financial and Telecom, but the current Canadian dollar is at a brutal .78USD. I'm looking to convert $8000 CAD. Does the exchange rate matter in the long run? or is a 20% exposure in a US index enough to wait for a better conversion rate a few months down the line?
Thanks in advance!
I'm a brand new member and am really excited to be joining the community. Looking forward to reading all your insights and slowly slogging through all the threads. I have an immediate question which I tried to search for but couldn't find anything.
I know the argument against market timing but what about currency exchange? I'm Canadian and I currently have 20% in an intl ETF (XEF), 20% in a SP500 index (VUN) and the rest I have split up into 12 canadian dividend growth stocks at about $2,000 in each. Is 20% enough US exposure? I have been antsy to dive into some US consumer stocks because my Canadian stocks are mostly Utilities, Financial and Telecom, but the current Canadian dollar is at a brutal .78USD. I'm looking to convert $8000 CAD. Does the exchange rate matter in the long run? or is a 20% exposure in a US index enough to wait for a better conversion rate a few months down the line?
Thanks in advance!