so I'm in Canada. Over the past year I've started gambling I mean investing in the stock market. All my money was in CAD, but as I've purchased stocks late last year and over this year, it's all been converted into USD. Now I'm starting to think a little longer term and I'm not sure if it makes sense to work on selling off my USA listed stocks, converting the cash back into CAD and then buying Canadian listed versions of as much as I can, or if there aren't Canadian listed versions of the stocks, then at least any etf funds. Obviously you guys don't know the future, but my point is if I changed money to USD when we had a better rate, and now that the USD is so high, am I getting basically an automatic 'gain' of 10-15% just by converting it back?
So I guess the questions are...
1. Is the USD going to keep getting stronger, and conversely, regardless of that is there more reason to think the CAD will fall in general (I foresee housing issues here amongst other problems)
2. Is my math wrong? Has there been enough of a difference between late last year and say the first half of this year that it would give me worthwhile gains to sell USD and convert back to CAD and rebuy? (assume relatively low transaction costs for buying and selling)
3. Anything I'm missing here?