Day: September 15, 2017

  • Currency diversification from the Canadain dollar

    Here is a 10-year graph of the same investment, the S&P 500, being held in Canadian dollars and being held in US dollars. Because of the cost of hedging, the investments in Canadian dollars underperform the investment in the US dollar by a whopping 15.60%, that’s a lot of moolah. Long ago I suggested that…