- ~& i) P6 F: ^: g- zI 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$. ; g$ x7 Y7 F" U0 C+ ]* E5 z5 a- J4 M' `: n- H
Woohoo...time to realize some profits (especially on oil and gas stocks) today!4 d; Y. G- X) l- H, u6 ]4 U
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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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. + @" F) y5 @$ k # D/ r; h4 \/ u) THappy 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. $ |- D S3 z; [2 ^" ~' {, a7 c* X3 k1 F
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 " _( `4 M. u( y2 L/ _
Right on! 2 [# J# v2 U) C& {' Z; a I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? % k1 C* Z' \' y* l8 @5 |# A+ q! i/ e) v. B' r4 x, W$ 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 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 - o4 O: O4 {7 }3 w. p* X; w
a# l' A, z. v+ v0 z$ k ; ` D7 D5 i0 ?# p0 SAre you kidding? ) K: J: |9 H" [6 O# `) O. y5 o + l5 j1 F1 k0 Q5 ?! ^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 ...
5 p7 {# O$ S8 q ' m- h( o K; j7 @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%