Right on! 6 ?$ S6 U# r' P7 j$ } $ y1 r$ |- M6 h( v# _I think I'll still stay away from US stocks that put their focus on US domestic market. International conglomerates and ADRs are still attractive since their income/assets are dominated in currencies other than US$.3 X2 e6 p! y5 c* @- P& |0 M, I+ {
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Woohoo...time to realize some profits (especially on oil and gas stocks) today! 8 ?* F* i% Y8 r8 W2 ~* ?% k4 p& Z8 n. G* T- F/ j
An option for diversifying away US$ risk from personal experience - I went to Beijing to open a premium account with the Hong Kong Bank which allows me to operate the account globally. I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. $ _. }3 [* X* Q2 { 3 ]* d+ U0 z2 [" u* [5 o" Z cHappy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. 6 s& b) N2 f! M
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 6 u* n5 O! A& g q; Z6 l Z% R5 SRight on! ; F% [5 S# x& o5 M6 B7 {& Z I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
% b( z$ B8 o" z4 {3 G. O# W y ; x+ _. p: J% NAre you kidding? 3 L) ^ k+ q) D2 S' N" H9 Q0 u% g& B! H/ t# m
RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 5 U* P" |/ y6 t8 e) S: D0 `
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Are you kidding? 0 c R; B" r% u5 z: p& E: P2 p/ R0 E/ g+ H* x; l
RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB canno ...
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But you also need to see that there is a higher return rate on RMB assets. Think a about it. If you bought 1 yuan stock in Chinese stock market 1.5 year ago, now it will end up with 4 yuan. at the same time TSX went up only 27%