Norbert’s Gambit – Saving THOUSANDS For Currency Exchange

With the fluctuation in USD we been getting a lot of questions regarding what is the best way to change CAD to USD and vice versa. In this video we will be exploring different ways and focusing on a very good method called Norbert’s Gambit that is especially useful if you are looking to buy US holdings.

This is not financial advice!

#canada #firsthomebuyer #personalfinance

▼ Time Stamps

[0:00] Start
[1:18] Method 1: Banks
[1:57] Method 2: Wise
[2:53] Method 3: Local exchanges
[3:31] Method 4: Norbert’s Gambit
[4:59] Step 0 – Open Account
[5:10] Step 1 – Find Holding
[5:39] Step 2 – Calculate Fees
[8:13] Step 3 – Calculate units & buy
[8:58] Step 4 – Change to USD version
[10:03] Comparing to QT and Wise
[10:49] FAQ: Currency risk?
[11:48] FAQ: When not to use this method?

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