Right on! 8 X/ x( }% M) f
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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$.* ]4 p9 T- M0 h: Y* \1 F
& Q; J( [. s! @3 OWoohoo...time to realize some profits (especially on oil and gas stocks) today! ; C( Y3 Y `( F+ j V # E: A& O! o6 |; `$ s) A8 bAn 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. 4 C1 @" u+ v+ M7 n: X 2 d1 Y, T6 o9 j) f% H$ rHappy 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. 8 X* l& ~4 S h( D* B; _% o 9 R# Q3 L! T) _' p& N7 SGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 1 {" E2 n4 g$ ]1 SRight on! ! d- i8 V, G1 ~- ]# ?# ]( t
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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& k. F1 t8 V' n; A3 mAre you kidding? 4 T9 H; g4 |+ F8 z/ C# y$ T2 ^% z/ Q" d/ M0 a3 N
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 & u: o3 l* E/ n, F" n% u
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) {0 |+ o% q& I0 I# Y6 jAre you kidding? 8 J4 J2 n' w: n: o' ^) {) S! b- @* f) G' {
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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; g% j# s$ J5 @4 h9 zBut 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%