Right on! 8 O; ~: p+ a8 Z! l8 ~0 E: H; c' ` & D0 I2 A6 n" \/ N9 t( h$ C7 V$ B1 j8 \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$.% [& l; q2 `; a1 P( z; x9 C0 |
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Woohoo...time to realize some profits (especially on oil and gas stocks) today! 4 A4 u" z. Q# S+ ^" S( K3 M( J: q5 }! G; d* u
An option for diversifying away US$ 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. $ u1 Y+ B) ~1 f5 P/ p; L# X3 _% ?0 { 0 a: C. V# _: OHappy 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. % ^7 V* A( f( o! o% S8 Z. D: }, c
原帖由 MiliCat 于 2007-9-18 13:06 发表 6 J7 d, N9 t1 R& n0 r1 W
Right on! - N# i/ g( s# j0 s0 O; U' p I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? ) N, i; J. E+ N, A0 R2 S; O+ T, k# ?% F3 I
RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
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Are you kidding? % x( J* x0 b$ p ) M5 g9 J E! f* y, IRMB 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 X( ]- O, u9 ^ 3 E( y. m+ K: Q; O) `: ?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%