0 s# C2 p" z& E" ?- S, S BI 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$.1 @- H. N: L1 a
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Woohoo...time to realize some profits (especially on oil and gas stocks) today!& N' u3 V( ]5 ~* L7 g+ U
# H* a7 X& _% @" D2 A0 RAn option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.0 i2 F$ n) }3 o' J, M J
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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. 6 G4 W% k9 J2 o9 i& {
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 ; t2 k% C4 R2 @- e9 e: x
Right on! 1 T" X& y/ D3 b I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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* m' J. Z# c" g1 K* i" X4 A" D" {Are you kidding? ' r# \& a& P N0 C1 v
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RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 ' Z( i* V+ R9 M2 `
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Are you kidding? - C, ]5 L0 M. g
9 f: y$ Z: d* v4 `5 `- tRMB 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%