& M% e' Y3 t. c3 V7 _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$.. g/ W" A; d/ D: a8 F1 F/ a- u& T' a
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Woohoo...time to realize some profits (especially on oil and gas stocks) today!7 K/ L3 Q" G" a/ v6 t0 ~/ E, M
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An option for diversifying away US$ 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. % R6 p) u( w; D5 w- N4 A) g; a3 u3 I {- v( J! P
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. 3 [- y/ t" u. r8 H. M- Q' @
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 " K4 H8 k. J* [3 t1 A! @5 BRight on! C' K. |, E4 [3 T7 M) b) f5 K* z I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? * I( x, X$ u7 u7 W1 s6 S % |0 `1 a; q. [4 y1 f* qRMB 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 ( T' }, r( M1 l# W6 q* e . q z" c; V) l; h F3 O' F" W7 m0 v% D, O6 o V8 A3 ^ L
Are you kidding? [, e0 H2 |9 y6 A+ V5 c& K 5 S: e/ O5 g$ O5 ?' W, J" vRMB 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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$ g9 l0 X0 f# T# wBut 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%