I am located in Canada.
I've been buying US stocks(listed on a us stock exchange), my question is, should I buy them in Canadian dollars or convert to US and buy? I have tried both, my broker account shows US stocks in Canadian holdings, and US stocks in US dollars.
What is the difference if any? Pros, cons? Rules of thumb?
For example, I bought US stocks awhile back when Canadian dollar was weaker, so I could afford less US dollars. My US stocks are doing well, and the prices are higher then what i bought them, but my brokerage still shows i'm losing money. Meanwhile the canadian dollar has gotten stronger since I bought stock.
I need help understanding this.