Is investing in US dollars a good idea? Ask a wealth advisor!

Описание: Should you have a USD investment account? There’s a lot of good reasons to open one, especially if you travel to the States often! At the filming of this video, the Canadian dollar is worth around 73¢ American. Many retirees head south of the border every winter, and if they fund these trips with Canadian dollars, the FOREX rate is not doing them any favours.

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As well as impacting travel, the FOREX has also had a huge effect on investments. The US has one of the most diverse economies for investment dollars, and contains whole industries not represented in Canada. Having US companies and US dollars in your investment account often reduces overall risk to your portfolio and results in a higher return over time.

Additionally, many publicly traded companies pay a dividend. By having a USD taxable investment account, you can let the dividends build up. When it’s time to fund your trip down south, you can simply pull some of your USD, and the exchange rate won’t impact your travel considerations.

There are many reasons to have investments made in US dollars, and the benefits can far outweigh any additional accounting costs. Remember, everyone’s situation is unique, and the how and when to invest should always be a discussion with your financial advisor!

Please note: this video is for illustrative purposes only, and does not constitute advice.

About Anna Hilberry:
Anna graduated with a Bachelor of Commerce Degree in 2007. In 2008, she became a licensed Sales Associate, and in 2012 she became a licensed Investment Advisor. Anna has extensive experience in successful investment management with a wide breadth of product knowledge and is currently an award-winning Portfolio Manager with The Hilberry Group and National Bank Financial.

NOTE: National Bank Financial - Wealth Management (NBFWM) is a division of National Bank Financial Inc. (NBF), as well as a trademark owned by National Bank of Canada (NBC) that is used under license by NBF. NBF is a member of the Canadian Investment Regulatory Organization (CIRO) and the Canadian Investor Protection Fund (CIPF), and is a wholly-owned subsidiary of NBC, a public company listed on the Toronto Stock Exchange (TSX: NA). The information contained herein has been prepared by Anna Hilberry, Associate Investment Advisor at NBF. The opinions expressed do not necessarily reflect those of NBF.
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