Right on! & m3 U$ N6 l% g/ O }* R9 d: {( u% K7 o1 @
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$. ' R: Z2 ^8 B2 m; J! W1 r2 H. J ' k+ \6 ?8 N9 t2 aWoohoo...time to realize some profits (especially on oil and gas stocks) today!9 u6 {4 L" F! k. k) Q; u
* ?" d% L$ e" |. Q! A; r7 D: @2 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.8 d3 M8 h4 z3 y* d* ^% m4 \, Q
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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. + I) t1 j. O N* U $ V. `6 w1 C0 {) N" a3 S& `' ]+ ?GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 1 I) O1 x. ^+ O* Y
Right on! ( B3 F9 p0 t: B: t, Y% t
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 8 Z5 ]; l* |$ a* a! h' A4 F ; v l/ G8 s+ F/ w! @. ]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 - r. m" X$ J$ `
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, J j1 c M) v* e- yAre you kidding? 1 v4 H; c3 Q2 h5 x5 T + _( W: ]. I; n2 g: ~' Y2 I1 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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6 m7 p4 V H _! R d! ~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%