Right on! . ~' J/ r( n! q0 ?/ s! l! n5 H6 J
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$. " h; a4 n( m- ?7 ~. i9 c2 Z- j2 t7 y: b# B
Woohoo...time to realize some profits (especially on oil and gas stocks) today! 7 O/ k+ c& x5 G7 X) q; t) w* t. N
An option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation." Q" Z$ k) l( E% a; B4 d4 s& W4 R
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Happy 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. 0 i. A. Z M- \2 }1 T" c
原帖由 MiliCat 于 2007-9-18 13:06 发表 % e4 a$ s, C) ^9 m3 y& s x# m
Right on! : ^ e/ R) V& X! O2 A: ?" {# l 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.
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Are you kidding? $ l: S) [3 P+ B# n9 |6 C; X/ H$ X0 J$ K! B+ [
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 ! Y9 j6 h8 n( \& m) }) [: x' H1 U. q: x0 S1 Q3 H: m3 Q9 m
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Are you kidding? & e. j6 f. p5 {# R4 B' y9 L0 x3 p2 L% B' G! B; ^( g1 t+ `/ W0 \9 ?# p
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%