Right on! # ~ e+ d/ [7 e( ]) a% Z 9 i, S0 `. l( R+ o, s7 \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$.! x) B, Z- ]( m* l; O
9 _! @( F g' o# g3 Z& Z0 MWoohoo...time to realize some profits (especially on oil and gas stocks) today! : Y( |- a5 e3 \1 N + Q. F3 Z+ B3 Z5 r: x$ EAn 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.+ ^, l$ c9 W8 t6 l% 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. * @, s% r5 k, S& l+ P
原帖由 MiliCat 于 2007-9-18 13:06 发表 % d+ m0 c8 U, P$ j y
Right on! $ j0 \2 V: m _ n I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 4 p& M# v) w) }: Y
7 V1 k( w4 n$ }+ O2 A' N1 W8 v+ ]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.
) Z3 }- v9 A+ f( iAre you kidding? ( k! _( U" Y: f) F L, c' m: g) S1 P" F2 U8 w) b
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 ...
2 [) Q) t# f& h ; {- `) ]8 U6 d! K, H# ~" FBut 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%