- N# |5 o* B1 A7 _1 B) ~5 FI 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$.# `6 S/ Q1 z; l
1 h; W7 P A3 Z" y$ j( g! ~' YWoohoo...time to realize some profits (especially on oil and gas stocks) today!( q m' x7 j0 y( J
* c7 l' B4 @ ~7 Z# p8 n1 i2 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.2 F" J- }' r m% {" Q
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. . l# L# ~9 k" y& X$ _. }2 X, G
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 2 r: w+ s s) i" i6 mRight on! 5 }! P2 t" c g a# v I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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' {5 p9 ~" D, d/ y/ @$ v( [1 UAre you kidding? 4 `& Z3 q. S) C; j" z" j4 I, o: h
# e, z0 G- I T% s1 uRMB 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.
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Are you kidding? ' f2 Q2 p4 ^2 p& U' `
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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 canno ...
7 S% T, m' h( `4 d ( l% r/ X" {& Y1 g6 YBut 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%