Right on! ' p; x9 q+ [# h' w8 X- t( U) i3 z* m1 ^0 I) N6 i! t; Q' Z
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$.7 a2 L1 @7 q7 @
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Woohoo...time to realize some profits (especially on oil and gas stocks) today! . o1 H8 S; i# x- p; O% T: r, D1 N* q
An option for diversifying away US$ 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. / _! Y) t( Q) z, W! q8 p6 k 8 \+ h8 k5 d" `: Y4 g) UHappy 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. ; M3 }/ G' ~% {8 ~) _& x4 C4 h4 w; B' n! \/ N3 O- T% Z
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 & W! P% H0 W4 f; X0 C! ]! U" \Right on! + S% [2 W* U9 n! O" a8 j I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 6 @( _) g8 q$ _9 V
A6 E/ R8 {' ]0 T) |' cRMB 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 8 P5 I/ A1 c# M$ ^' ~3 p- L5 w. ]3 e
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1 M3 g- ]9 |# G A$ ]Are you kidding? + i3 k- p. @# i% e - B& X9 e. m. U& ?+ k" y* SRMB 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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2 u/ E9 a N1 J! B( V3 V. L3 UBut 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%