Right on! + j; m" |1 M' c; e5 @2 y7 D" [/ c) b, N8 E3 i/ A
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$. % X7 O# l0 J; J% z 8 B U' q; Y Q5 d3 H+ P. oWoohoo...time to realize some profits (especially on oil and gas stocks) today! 1 k j2 ]$ [ Q1 g+ p8 N4 d, F* p) F 4 b$ p+ t: }' J' SAn 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.( f5 L/ }6 z5 A3 W
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. 9 u; Y2 F/ ?+ Y# q
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 3 ]) E" M; v9 b1 j6 z/ x, RRight on! 0 r5 y' }( }! e1 M: J5 Z# E
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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( \5 ?( [2 ~+ b1 k; l5 FAre you kidding? ) b- A& k' k# J0 e7 J 4 A7 f" @- L0 @RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 0 D' n. O# V/ l* m3 _1 L3 _
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& ^7 T- N& v. G$ }1 j# [3 TAre you kidding? ) ?' c/ m! z4 `+ w& Y ; o6 f/ ]0 h0 w/ i) \+ SRMB 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%