We have a student loan in the US, which is at low percentage rate. We live in Canada, and the CAD <-> USD conversion rate is getting worse.
We have several stock and fund positions held in USD. For example, we have some S&P index fund shares.
Should we liquidate these to pay off the student loan? Or should we continue to send cash from our income down to the US and getting a poor conversion rate to pay the loan monthly?
Is this a simple calculation of checking the % return on the fund against the conversion rate issue?
My thought is that keeping the fund compounds in the stronger USD, and since the student loan interest is low, we shouldn't worry about the conversion rate and keep the fund.