Right on! / T4 i+ _, r) E0 Y0 D% X$ H 7 `9 ]; F! J3 h/ s" [0 sI 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$. $ N6 n3 x* e+ Y' P3 g$ r ) s, N, k# w# m3 R1 u Q" v1 k; ?Woohoo...time to realize some profits (especially on oil and gas stocks) today! 2 b0 r1 r( V* r1 r, S% E0 [3 M# M: D0 z! o# O1 V* S
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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.# ^- N7 j2 ~4 T& Q$ x5 y$ ^
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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. 0 r: C5 G0 w# Y. ^' p
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 ! ~# w4 Z' s( U3 t4 b! C
Right on! & q& i& r1 D# N+ ^2 S9 p* N' p I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? ) `7 q$ W$ H q6 y$ \. Y( g
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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 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 y* G4 ^2 T. u * M' E" L% R! \% g9 R! q6 I- t/ m) l# E( H/ ]
Are you kidding? / o8 V- _8 G, ]( X
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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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/ _! z/ s" i& _8 H1 M7 xBut 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%