Tuesday, July 5, 2011

Reverse POT

So I am moving to the US for a new job, suddenly I need to convert CAD to US. Time for a reverse norbert's gambit using TSX/NYSE: POT as my conversion stock.

Currency value at time of trade: 1.00 CAD = 1.03991 USD

I am going to go a into detail with this post and include all the numbers. I purchased 275 shares of TSX:POT at $55.68 CAD a share with a $9.95 trading fee through RBC direct investing. Total cost: $15321.95 CAD.

I then sold these same shares immediately as NYSE:POT at $57.94 with a $9.95 trading fee, for a total proceeds of $15943.45 USD.

My personal conversion rate for the transaction: 15943.45/15321.95 = 1.04056

So instead of paying currency conversion fees, I got slightly lucky and made .65 basis points in profit on the transaction. Much better than paying fees!

5 comments:

John Carter said...

Reverse implied odds are used to determine how much money you stand to lose. Once you have mastered pot odds and implied odds you can move on to reverse implied odds. check my blog

dong dong23 said...

ralph lauren uk
the north face
ugg uk
louis vuitton handbags
cheap oakley sunglasses
adidas shoes
uggs pas cher
louis vuitton outlet
coach outlet online
rolex submariner watches
cleveland cavaliers jerseys
rolex watches
kate spade
abercrombie kids
christian louboutin paris
dallas mavericks jerseys
kobe 11 shoes
pandora jewelry
burberry outlet
uggs sale
denver broncos jerseys
michael kors handbags
canada goose outlet
ralph lauren
louis vuitton outlet
adidas originals shoes
coach outlet
louis vuitton handbags
cheap ray ban sunglasses
cheap nfl jerseys
moncler outlet
polo ralph shirts
canada goose
adidas shoes
adidas yeezy
ralph lauren polo
rolex watches
lebron james shoes
kate spade handbags
louis vuitton handbags
20168.17wengdongdong

Jian Zhuo said...

sac longchamp
fred perry polo shirts
toms
adidas sneakers
timberland boots outle
salomon boots 
adidas superstar
ralph lauren outlet
dansko sale
cheap nfl jerseys
170701yueqin

samaher said...


ونقدم ايضا العطار افضل شركة مكافحة حشرات بالمدينة المنورةتقضي على جميع الحشرات

http://www.atar-almadinah.com/khasil.html



http://www.atar-almadinah.com/mokafha.html


steve said...


شركة شحن عفش من السعودية الى الامارات
شركة شحن عفش من السعودية الى الاردن
شركة نقل عفش من الدمام الى جدة
شركة نقل عفش من المدينة المنورة الى جدة
شركة نقل عفش من الطائف الى جدة

Shared on Goggle Reader