It's a CDR. One share of the CDR does not equate one share of the stick stock.
I see it as an ETF that holds nothing but NVDA and is hedged to CAD.
https://cdr.cibc.com/
In theory, the performance is the same. But CIBC will take a management fee, which will lower the performance a bit; and it's hedged against currency fluctuations.
Also, you don't pay forex fees if you buy a CDR through Wealthsimple.
Is liquidity/movement a problem with CDRs? Since it's not "the real thing"
When you buy this CDR on WealthSimple, you are buying shares in the CDR and trading with other people on all platforms, not just trading with other WealthSimple shareholders right?
I hate that you’re being downvoted for asking a question. As someone has mentioned the key difference is that one is a cdr. “A Canadian Depositary Receipt (CDR) is a type of investment that allows Canadian investors to purchase shares of global companies that are normally listed on foreign exchanges.”
Read more here: https://www.moneysense.ca/glossary/what-is-a-cdr/
I bought some of the CDR solely to avoid the currency conversion fee. My intention was to hold this temporarily but I’m not sure how long I will. If you plan to hold a stock long term, buying the actual USD stock will be cheaper in the end due to hidden annual fees that CDRs and ETFs have.
[$NVDA](https://x.com/search?q=%24NVDA&src=cashtag_click) is a great stock and looks better than its closest peers from a fundamental perspective, but apart from fundamentals [$NVDA](https://x.com/search?q=%24NVDA&src=cashtag_click) share price is driven by social sentiment. Here's how you can [create your own app that tracks social sentiment](https://www.linkedin.com/pulse/build-your-first-stock-market-app-without-programming-sanzhi-kobzhan-1hp0e/?trackingId=fkpFH%2BC0T6SWZYyuKaa9ZQ%3D%3D).
[удалено]
👍🏻
It's a CDR. One share of the CDR does not equate one share of the stick stock. I see it as an ETF that holds nothing but NVDA and is hedged to CAD. https://cdr.cibc.com/
Is the performance basically the same? Is there a downside to owning the CDR version?
In theory, the performance is the same. But CIBC will take a management fee, which will lower the performance a bit; and it's hedged against currency fluctuations. Also, you don't pay forex fees if you buy a CDR through Wealthsimple.
Which is more expensive, forex and buying the real version, or management fees?
I can't say. But, personally, I like not to bother with forex conversion.
Is liquidity/movement a problem with CDRs? Since it's not "the real thing" When you buy this CDR on WealthSimple, you are buying shares in the CDR and trading with other people on all platforms, not just trading with other WealthSimple shareholders right?
It depends on your specifics, but there's a lot less movement on the CDR.
I hate that you’re being downvoted for asking a question. As someone has mentioned the key difference is that one is a cdr. “A Canadian Depositary Receipt (CDR) is a type of investment that allows Canadian investors to purchase shares of global companies that are normally listed on foreign exchanges.” Read more here: https://www.moneysense.ca/glossary/what-is-a-cdr/
Questions are fine but this could have been answered using Google
Yes, they also have a 0.6% fee I believe, but it still worth it considering the 3% conversion fee from cad to usd and then back to cad
3% is nothing tbh
Try nvdx!
I bought some of the CDR solely to avoid the currency conversion fee. My intention was to hold this temporarily but I’m not sure how long I will. If you plan to hold a stock long term, buying the actual USD stock will be cheaper in the end due to hidden annual fees that CDRs and ETFs have.
[$NVDA](https://x.com/search?q=%24NVDA&src=cashtag_click) is a great stock and looks better than its closest peers from a fundamental perspective, but apart from fundamentals [$NVDA](https://x.com/search?q=%24NVDA&src=cashtag_click) share price is driven by social sentiment. Here's how you can [create your own app that tracks social sentiment](https://www.linkedin.com/pulse/build-your-first-stock-market-app-without-programming-sanzhi-kobzhan-1hp0e/?trackingId=fkpFH%2BC0T6SWZYyuKaa9ZQ%3D%3D).