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Right on! , s, }: Q X: v
2 N3 a, y, T( H9 g* Z3 zI 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$." v: F& S; x% q* t, R6 S$ A& I* t
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Woohoo...time to realize some profits (especially on oil and gas stocks) today!# L0 {; e8 U u, v: E/ C
7 c7 P' ]$ i" u; d8 @3 KAn 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.7 `7 k; o# ]/ e, H
6 j4 k! U1 a& fHappy trading! |
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