I have purchased some Canadian, Swiss, and European stocks; rather than pay interest on these, I would like to buy currency to cover the amounts. Currently I have nothing but USD in my account.
I have two questions.
1) Should I be purchasing foreign currency in the exact amounts I see listed in REAL FX balance, under CAD, EUR, and CHF, if I do not want to pay interest?
2) If the value of the stocks purchased in foreign currency rises over time, does this mean I will need to purchase more currency to match the value of the stock? If so, and I expect the value of the stocks to rise, would it be prudent to purchase more currency than the current stock value?
Thank you for your help.
I have two questions.
1) Should I be purchasing foreign currency in the exact amounts I see listed in REAL FX balance, under CAD, EUR, and CHF, if I do not want to pay interest?
2) If the value of the stocks purchased in foreign currency rises over time, does this mean I will need to purchase more currency to match the value of the stock? If so, and I expect the value of the stocks to rise, would it be prudent to purchase more currency than the current stock value?
Thank you for your help.
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