Right on! ' b* @4 v+ [2 s, N! K3 q ! a3 w/ O9 }* A4 k3 z4 OI 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$. " b6 t% ~$ a0 ^) |& Y6 B. Y" r# o. W9 T# [" l7 k- r% t
Woohoo...time to realize some profits (especially on oil and gas stocks) today! / d8 [- Z# @; Q, c1 b; t7 C- N9 ~$ i
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. 1 Y. v/ x1 i( t6 O& p7 i 6 i4 g% w! `2 H9 v' ~7 AHappy 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& ]: ^8 b8 W- J9 W0 W8 ~7 F2 |0 e; l% m
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 7 H! i; [0 ]: Q1 C- i) ~9 U, NRight on! 9 Z/ j, D2 j" f5 ?
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.
1 g R, Q9 g) `0 Q0 m/ d" L ! _. E7 d- x" @. g" t9 [9 MAre you kidding? " _# B3 D6 l5 \
# l* q4 a ^1 \- Q ]7 FRMB 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 ^/ C! w6 d6 f0 j, F8 k
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Are you kidding? ( q# Z' G3 K0 ]* Q5 P* e6 o+ Y- O, ?: M4 ]) [
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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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%