Cross border profit? USA to CANADA

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Cross border profit? USA to CANADA

Postby DTEJD1997 » Tue Feb 25, 2020 1:24 pm

Hey all:

I've got a Canadian friend who visits frequently in the USA. He lives maybe 10 minutes across the border, so it is VERY convenient for him. He also has many friends in the USA and will spend the weekend.

Every time he visits, he fills his gas tank, goes grocery shopping, and frequently goes shopping for clothes, household goods & such.

Recently, he learned that he is legally allowed to bring back 2 bottles of liquor with him. So he started buying what he likes to drink.

One of his neighbors learned of this and said he would pay him cost+$10 if he could bring back his favorite bottle of whiskey.

So now my friend is all excited and energized about bringing things back to Canada to profit off of. He is wracking his brain to figure out other things.

I suggested electronics (laptops, SSD and such), but he said he doesn't know much about that and is hesitant to do that.

Anybody ever do this? Anybody have any suggestions?
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Re: Cross border profit? USA to CANADA

Postby Changechecker » Tue Feb 25, 2020 6:12 pm

Used to bring Jack Daniel's to my cousin in Kitchener Canada. He had a standing request for it every time we visited. If your friend travels regularly he might consider offering to bring back these trinkets to friends or neighbors friends for a donation.
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Re: Cross border profit? USA to CANADA

Postby NiBullionCu » Tue Feb 25, 2020 6:50 pm

Canadian coins and currency.

(Likewise he should look to buy USA coin/currency in Canada for a discount)
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Re: Cross border profit? USA to CANADA

Postby fansubs_ca » Mon Apr 06, 2020 3:29 am

DTEJD1997 wrote:I suggested electronics (laptops, SSD and such), but he said he doesn't know much about that and is hesitant to do that.


In the 80s computer stuff was seriously cheaper in the U.S. than Canada, since then it
has actually leveled out. I actually had a friend tell me RAM was cheaper here because
Canada has a lower tarrif on the countries that make it than the U.S. does.
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Re: Cross border profit? USA to CANADA

Postby JadeDragon » Thu Apr 09, 2020 9:36 pm

You might be able to mine US coins out of the Canadian coin supply but around here they are surprisingly hard to find. I believe the coin handling companies pull them out along with any silver or old Ni coins. No idea where one might buy US coins or bills at a discount. Bills can be converted at any bank so why would anyone sell those for a discount?
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
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Re: Cross border profit? USA to CANADA

Postby Recyclersteve » Thu Apr 09, 2020 10:56 pm

NiBullionCu wrote:Canadian coins and currency.

(Likewise he should look to buy USA coin/currency in Canada for a discount)


Agree with this. With COVID in the air there are plenty of people who'd love to get rid of their "worthless" foreign coins.
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substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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