4 X, B3 h8 U) Z" C: R% A3 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$. ! R7 W: s& \$ j' ~6 @. r1 {# r * A9 l* Y' C. |- j* l( R: A' u8 RWoohoo...time to realize some profits (especially on oil and gas stocks) today! ^- S! L @) r" |3 H" K
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An option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. Y' |8 y$ b/ f6 ^: V* j
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. 3 f4 ^& p: B( A; R1 I" O @+ u t9 }0 ^+ D8 O* s3 a
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 ; h3 a5 {9 V' @. g, X0 ~Right on! % r/ i0 k; X# ?0 }* u6 P! ` 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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Are you kidding? $ c6 _3 P' ~: Z, i
5 I( I i, P. Q9 E, i5 pRMB 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 ) a9 U6 n% L1 Q8 I) i& Y7 Z4 x
: r! n9 ^; S" v) H+ s8 E4 o& a& B1 d 4 D5 x7 b z) N; k0 Y0 ]; t: QAre you kidding? ( R" `7 b0 q4 e; c " A2 G- ^- V. s1 O* h4 ]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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, j% c- H* A9 }, LBut 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%