Canadians - what do you do with US checks? Exchange asap or put in your US account? - GoFuckYourself.com

pornask · 10-09-2007, 06:00 PM

Canadians - what do you do with checks that you are getting form sponsors in US dollars? Are you gonna go and exchange them into Canadian asap or would you put it in your US accounts?

I have a US account myself where I have been storing my US funds - fucking idiot me... I still have about $2k US there. Had I exchanged it 9 months ago, instead of keeping it there, I would have had at least $100 more than what I will get now. What do you think I should do with it - go and exchange asap or keep it there as I have those past few months? What do you think is a smart thing to do with new checks coming form sponsors in US dollars? Would you exchange them into Canadian as soon as you receive them?

mailman · 10-09-2007, 06:02 PM

Just exachange right awya no point in playing around.. can get better cna get worse but why give yourself a head ache over it.

Spunky · 10-09-2007, 06:04 PM

Just cash them..it's only money

hershie · 10-09-2007, 06:06 PM

I thought I was so smart discovering ICICI Bank that pays 5% interest on US deposits two years ago. Now I just exchange into CDN.

BOSS1 · 10-09-2007, 06:08 PM

I cash it right way

StuartD · 10-09-2007, 06:10 PM

Funny, people asked this question back in January.... saying that they were going to hold on to it until the dollar went back up.

I wonder if they're still waiting.

gecko · 10-09-2007, 07:14 PM

holding to atleast trade in on par and not at a loss.

WiredGuy · 10-09-2007, 07:37 PM

I keep it all in USD, about 90% of all my business purchases are done in the US so I'm not going to keep converting back and forth and let the banks take in a nice 2-3% cut each way. It sucks right now to convert to CDN, but nothing has changed business wise, a dollar US is still a dollar US.
WG

tehHinjew · 10-09-2007, 07:39 PM

im the same as you, when i started up my sites, i went and created an american account at rbc

i have about 1000$ or so in there..
ah

sortie · 10-09-2007, 07:45 PM

My hard learned experince says "Always cut your losses now", if the shit goes back up so what, if it goes down you're only loosing you ass more.

Trust me, cash out. You might even be able to put it in savings in a Canadian bank and earn interest enough to cover the loss before the US dollar goes up high enough to cover it if you don't cash out.

Also don't forget that Osama is somewhere building a bomb and when he blows it the fuck up the US dollar will go even lower.

StuartD · 10-09-2007, 07:47 PM

Quote:

Originally Posted by sortie

Also don't forget that Osama is somewhere building a bomb and when he blows it the fuck up the US dollar will go even lower.

Uhmm..... alright then.

sortie · 10-09-2007, 07:48 PM

PS: Alberta sucks, I want ketchup on my fries goddamit!!!

sortie · 10-09-2007, 07:50 PM

Quote:

Originally Posted by StuartD

Uhmm..... alright then.

Oh, so you don't think Osama is plotting at this very moment or do you think that everyone will want to invest when it looks like we're all getting killed.

SilentKnight · 10-09-2007, 08:43 PM

Depends on the size of the rev. cheques.

Smaller ones for only a few hundred we hold on until several pile up before we cash/deposit.

Larger ones over $1k we usually deposit within a few days of their arrival.

Phil · 10-09-2007, 09:10 PM

RBC has strictly USD accounts. Put it there and sit tight

10-09-2007, 06:00 PM	#1
pornask So Fucking Banned Join Date: Aug 2006 Location: 253-233-241 Posts: 6,518	Canadians - what do you do with US checks? Exchange asap or put in your US account? Canadians - what do you do with checks that you are getting form sponsors in US dollars? Are you gonna go and exchange them into Canadian asap or would you put it in your US accounts? I have a US account myself where I have been storing my US funds - fucking idiot me... I still have about $2k US there. Had I exchanged it 9 months ago, instead of keeping it there, I would have had at least $100 more than what I will get now. What do you think I should do with it - go and exchange asap or keep it there as I have those past few months? What do you think is a smart thing to do with new checks coming form sponsors in US dollars? Would you exchange them into Canadian as soon as you receive them?

10-09-2007, 06:04 PM	#3
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,970	Just cash them..it's only money __________________ *YOUR INFORMATION HERE*

10-09-2007, 06:08 PM	#5
BOSS1 Confirmed User Join Date: Sep 2005 Location: Montreal / Sparta Posts: 4,331	I cash it right way __________________ NEW SITE: Stockings Kingdom Lesbians in Latex, Lesbians in Stockings, Granny Sex, BDSM Porn, Latex and Sex, Custom Foot Fetish, Femdom Movies and Kinky Porn Pass. 300+ hosted flvs, 500+ hosted galleries, Page Peel ADs.. NATS export and payouts twice a month

10-09-2007, 06:10 PM	#6
StuartD Sofa King Band Join Date: Jul 2002 Location: Outside the box Posts: 29,903	Funny, people asked this question back in January.... saying that they were going to hold on to it until the dollar went back up. I wonder if they're still waiting. __________________ This is me on facebook This is me on twitter

10-09-2007, 07:14 PM	#7
gecko ****** Join Date: Jun 2002 Posts: 21,846	holding to atleast trade in on par and not at a loss. __________________ [email protected]

10-09-2007, 06:02 PM	#2
mailman Confirmed User Industry Role: Join Date: Mar 2001 Location: Ontario, Canada Posts: 6,311	Just exachange right awya no point in playing around.. can get better cna get worse but why give yourself a head ache over it.

10-09-2007, 06:06 PM	#4
hershie Confirmed User Join Date: Jun 2002 Posts: 4,642	I thought I was so smart discovering ICICI Bank that pays 5% interest on US deposits two years ago. Now I just exchange into CDN.

10-09-2007, 07:37 PM	#8
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,504	I keep it all in USD, about 90% of all my business purchases are done in the US so I'm not going to keep converting back and forth and let the banks take in a nice 2-3% cut each way. It sucks right now to convert to CDN, but nothing has changed business wise, a dollar US is still a dollar US. WG __________________ I play with Google.

10-09-2007, 07:39 PM	#9
tehHinjew Confirmed User Join Date: Sep 2006 Location: MTL Posts: 5,755	im the same as you, when i started up my sites, i went and created an american account at rbc i have about 1000$ or so in there.. ah __________________ Hot Porn Wanna trade? email me at wanker (@) wanknation dot com

10-09-2007, 07:45 PM	#10
sortie Confirmed User Industry Role: Join Date: Mar 2007 Posts: 7,771	My hard learned experince says "Always cut your losses now", if the shit goes back up so what, if it goes down you're only loosing you ass more. Trust me, cash out. You might even be able to put it in savings in a Canadian bank and earn interest enough to cover the loss before the US dollar goes up high enough to cover it if you don't cash out. Also don't forget that Osama is somewhere building a bomb and when he blows it the fuck up the US dollar will go even lower. __________________

10-09-2007, 07:48 PM	#12
sortie Confirmed User Industry Role: Join Date: Mar 2007 Posts: 7,771	PS: Alberta sucks, I want ketchup on my fries goddamit!!! __________________

10-09-2007, 08:43 PM	#14
SilentKnight Megan Fox's fluffer Industry Role: Join Date: Oct 2005 Location: shooting pool in Elysium Posts: 24,818	Depends on the size of the rev. cheques. Smaller ones for only a few hundred we hold on until several pile up before we cash/deposit. Larger ones over $1k we usually deposit within a few days of their arrival.

10-09-2007, 09:10 PM	#15
Phil Confirmed User Join Date: Jan 2004 Posts: 7,659	RBC has strictly USD accounts. Put it there and sit tight __________________ Ask Phil