Converting CAD to US

[Russellhantz]

(03-14-2015, 06:40 PM)rapidacid Wrote:

(03-14-2015, 03:49 PM)Russellhantz Wrote: my 8000 CAD will probably buy me around 6000 USD. my plan was to split it into 4 piles of 1500 each and put it in JNJ, CVX, DIS, KO.

or would you guys recommending putting all 6000 into 1 stock?

Depends what the rest of your portfolio looks like, but I'd be more inclined to dump it all into JNJ or KO

What would be the reason for going for larger allocation? The transaction fees currently free and even then they are a nominal .05% fee for diversification.

My current portfolio:

2000 in each:
RY.TO - Bank
BNS.TO - Bank
BMO.TO - Bank
CM.TO - Bank
CU.TO - Util
FTS - Util
ENB.TO - Energy
RCI.B - Telecom
BCE - Telecom
TRP - Industrial
CNR - Railroad
REF.UN - Reit

9000 - VUN - US etf
9000 - XEF - INTL etf