Right on! + }6 z6 L; h% j# v$ f$ k 5 K, ]# Q9 V4 k3 KI 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$. 4 M7 P3 T' p" D, ~: A; j' Q0 x6 m& Q: |# w6 l+ t4 o
Woohoo...time to realize some profits (especially on oil and gas stocks) today!& @( ^+ M5 c/ A& K
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An option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. , |& N# W# {- V6 ]0 V # t. {+ H- S+ f. DHappy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. ! r3 n0 Y; h. m1 t9 O9 E9 B7 c+ w4 b! W0 d& O
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 9 z! L, ^! w# j6 _! @" s G6 y) dRight on! 9 v7 I) b1 E% T2 |$ m U. b
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 6 i3 l& g/ Q0 `! Y
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RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
z7 _/ I( Y& B- M; r* {' A- ^Are you kidding? " B# x8 A/ {3 L+ T 4 O ]5 E) e$ C7 c" k- \ 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 ...
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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%