I've been working as an expat in Canada for the last three years. I was on the Canadian payroll and have saved a large sum of money in Canadian dollars.
I'm now coming back to the States and have this large sum of cash sitting in a Canadian savings account sidelined. With the weak Canadian dollar at 1.34 to the US dollar in reluctant to convert and get into the US market given oil is at a crazy low (and is directly tied to Canadian dollar strength) and the market is at record highs. Advisors are telling me to suck it up, convert, and get in the market. They're likely right that I'm an idiot trying to time the market, but I keep getting cold feet.
Anyone have any experience in this area? Should I just get over it and get my money into the US market? Advice appreciated!
I'm now coming back to the States and have this large sum of cash sitting in a Canadian savings account sidelined. With the weak Canadian dollar at 1.34 to the US dollar in reluctant to convert and get into the US market given oil is at a crazy low (and is directly tied to Canadian dollar strength) and the market is at record highs. Advisors are telling me to suck it up, convert, and get in the market. They're likely right that I'm an idiot trying to time the market, but I keep getting cold feet.
Anyone have any experience in this area? Should I just get over it and get my money into the US market? Advice appreciated!