How do you Buy a US Stock in Canada? How can Canadians Invest in the United States? How can I Purchase a Stock in US Dollars with Questrade? Should I use Questrade or WealthSimple to Invest in the US?
I’ll be breaking down all of the basics of investing in the USA for Canadians and I’ll provide a step by step walkthrough on how to buy American shares and ETFs using Questrade. This is a Questrade tutorial but the same steps will apply for most online brokers. I also go over why Questrade is the best online broker to US investing, especially compared to WealthSimple Trade. I also discuss the importance of currency conversion fees and the alternatives such as Norbert’s Gambit.
HOW TO BUY CANADIAN shares ON QUESTRADE:
Watch this video first to go over the fundamentals of Questrade 👇
https://youtu.be/_V2yBWwOZX4
HOW TO USE NORBERT GAMBIT WITH QUESTRADE:
https://youtu.be/q6Q1dzK8vts
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SKIP AHEAD: ⏩
-Intro: 0:00
-Why Canadians Should Invest in USA? 0:26
-How to Buy US shares: 1:58
-Buying with US Dollars: 2:09
-Questrade Currency Conversion: 2:42
-Questrade vs WealthSimple Trade: 3:30
-Buying US shares with Questrade: 4:44
-Norbert’s Gambit – Avoid Conversion Fees: 5:44
-Questrade Walkthrough: 7:04
-Limit vs industry Order: 10:20
-Questrade Conversion Fee: 11:30
-Automatic Currency Balancing: 14:48
WATCH NEXT: ▶️
-How Taxes Work in Canada – https://youtu.be/GShKBkv2xY8
-What is Stock industry Investing – https://youtu.be/x_c0YQYEd0g
-What is a DRIP? Compounding earnings – https://youtu.be/ouyXwaTOfhU
-Top 3 Dividend shares in Canada – https://youtu.be/G_TF2wyqn9s
-Best Canadian Dividend ETFs – https://youtu.be/hXrN5EVCp8Y
-How to Buy shares on Questrade – https://youtu.be/_V2yBWwOZX4
-4 Steps to Become Wealthy – https://youtu.be/mwfdlM7z9YY
-Top 5 Best Cash Back borrowing Cards – https://youtu.be/sC5bPQJvu7Y
-RRSP Explained: Deductions & Contributions – https://youtu.be/bKMNgnMBSdE
-TFSA Explained Investing levy Free – https://youtu.be/i_bWf1NyUbE
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