Right on! 0 d; p6 Y7 {; f' A" e
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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$. " [" m8 H3 W& Z5 O / u7 F% J# u- _Woohoo...time to realize some profits (especially on oil and gas stocks) today!! J- n1 v/ a/ |# R
: d Z8 O2 j4 v0 R5 F4 B6 HAn option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.. b5 `6 `* `+ V, B( _" n
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Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. 2 O4 m$ J% X: |) q8 \) o
原帖由 MiliCat 于 2007-9-18 13:06 发表 ) q- o) L1 \+ A x' S7 JRight on! ! q! ?( w3 ~& \" e" ]! n- i 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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1 O6 l# d) n. g* c% e6 wAre you kidding? 9 L1 f; d* Z) T) r5 I7 F( \6 ^7 e& ] ~* j; ]
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 - e* X( h) M% X2 [5 c: D3 [" m: h+ a* c6 a7 |( ^
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Are you kidding? 8 i4 ]1 ^4 W- U+ }# s) I
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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 ...
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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%