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Originally Posted by Dean2
So one point I didn't make clear enough is, once the Royal Bank shares are Journaled over to the U.S traded RY stock you can choose to sell that stock at any time in the future, leave the money as U.S. dollars and buy U.S. stocks like Google, Visa, Mastercard or Amazon, as just a few examples, that trade on New York or the Nasdag and do not trade on the TSX, so cannot be bought in Canadian dollars.
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Dean, I’m confused as how exactly it works. So let’s say I hold 200 RY shares in my Canadian dollars account. I need to call my trader and ask them to journal entry them into the US dollars account? And then do the trader transfers the shares or dollar value of shares into the US account?