Comments on: Couch Potato Basics, Part 4: Flexibility http://canadiancouchpotato.com/2010/01/15/couch-potato-basics-part-4-flexibility/?utm_source=rss&utm_medium=rss&utm_campaign=couch-potato-basics-part-4-flexibility Your guide to the investment strategy that will help you earn more and sleep better. Sat, 04 Feb 2012 13:01:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ben http://canadiancouchpotato.com/2010/01/15/couch-potato-basics-part-4-flexibility/comment-page-1/#comment-169 Ben Mon, 25 Jan 2010 20:35:08 +0000 http://canadiancouchpotato.com/?p=414#comment-169 Another buyer beware on this issue is to factor in currency conversion. Even market order ETF trades are executed based on currency conversion at end of the trading day with an additional 2.5% fee. Once you factor in unknown conversion rates applied at the end of the day, US$ ETFs end up as inflexible as mutual funds where you don't know the cost of your trades. I wanted to buy a specific sum of VTI recently from Scotia-McLeod and it came down to a guessing game. I did my math as 1 USD bounced around C$1.02. I was later surprised to see the confirmation come in well over my expectation or Scotia's equity order estimator due to currency conversion at 1.06! Another buyer beware on this issue is to factor in currency conversion. Even market order ETF trades are executed based on currency conversion at end of the trading day with an additional 2.5% fee. Once you factor in unknown conversion rates applied at the end of the day, US$ ETFs end up as inflexible as mutual funds where you don’t know the cost of your trades.

I wanted to buy a specific sum of VTI recently from Scotia-McLeod and it came down to a guessing game. I did my math as 1 USD bounced around C$1.02. I was later surprised to see the confirmation come in well over my expectation or Scotia’s equity order estimator due to currency conversion at 1.06!

]]> By: stamperitis http://canadiancouchpotato.com/2010/01/15/couch-potato-basics-part-4-flexibility/comment-page-1/#comment-168 stamperitis Sun, 24 Jan 2010 19:56:35 +0000 http://canadiancouchpotato.com/?p=414#comment-168 Just a little heads up. To limit buy and sell prices some on-line services limit it to blocks of 100 shares. So if you don't own a hundred shares or aren't buying a hundred shares then you won't be able to place a limit. Scotia-McLeod is one such on-line service that has the limit. Just a little heads up. To limit buy and sell prices some on-line services limit it to blocks of 100 shares. So if you don’t own a hundred shares or aren’t buying a hundred shares then you won’t be able to place a limit. Scotia-McLeod is one such on-line service that has the limit.

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