Right on! - O/ I4 s" N# i# D
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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$.0 z! l* b1 X% \0 E
5 Q8 X( ^( f5 NWoohoo...time to realize some profits (especially on oil and gas stocks) today! 3 u) i8 C% l5 R* T0 p( \, t $ c2 J( n8 z" s4 E5 ?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.1 i" j: O' L* F3 e; b
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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. # ?% W& I5 f1 ?2 \) i( m: B" G% m5 e3 h5 {. o
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 ( e8 _4 a1 G% H1 z; z. eRight on! 2 l& K5 _) E, r$ r/ Y0 K A1 A" x; S. X
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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$ L- Y4 F* `' c6 P# ^& hAre you kidding? & h& H- U$ l7 g6 b9 X2 x
0 h+ ^; Y: O+ E5 Y, m# xRMB 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.
* x6 z3 b0 n" r7 ?Are you kidding? + Y U$ a* t2 H. L
8 } v' Y, Z$ q' P2 }- J8 k$ R' xRMB 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 ...
' z+ T* {8 \+ z. v. m4 b U; F/ q8 k' j$ q) rBut 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%