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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$.$ A3 z/ O' H9 P
% w' r5 B" V9 v# \/ ~( N! eWoohoo...time to realize some profits (especially on oil and gas stocks) today! * N" w8 Q$ U; F0 a- D5 E ! t2 ~+ p' \+ B9 a5 tAn 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.+ f3 o% Y9 v2 u0 Y( z; P
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Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. / v& M7 {3 A5 v$ T' D; n9 M
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 ' P8 H/ j/ r% C
Right on! 8 J2 o2 H2 B# m6 K: k' C4 u- c% 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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6 v/ }5 i# b; ? ~ E( q% B; kAre you kidding? * v* t6 q7 y& D" q7 ?
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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 " z2 T: m! P# `; U1 l% K9 r0 t
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7 h2 _ C. U3 N- y6 DAre you kidding? 5 a3 X% H0 m. b: n M ) U# Y& ]" ?/ G1 C+ w: Z9 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 ...
, G) L1 B5 w2 |2 K 7 Y3 o7 k( x( LBut 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%