; T! B7 `3 b; C rI 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$. * {; B5 \$ N$ Z$ M" [. v. S4 p- K+ \6 N E: N
Woohoo...time to realize some profits (especially on oil and gas stocks) today!) ?7 s' G1 A6 Z1 v9 `+ w# l
) I* v3 p8 K5 B) \/ rAn 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.6 k% N, b% s! ^
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Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. ! a' |/ o: l; v5 w3 L" U9 y9 ]3 s& c' t& T
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 : B& J; X3 q8 t$ W9 kRight on! 3 j( [) M0 V' a. F3 Q
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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5 Q1 Z9 Y% N8 q LAre you kidding? / y7 b5 Q8 w1 |6 c# e
b5 S1 {( T: E- ?# r( m7 sRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 . U9 G) }- @. ~5 C. `3 Y
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Are you kidding? : @0 L1 a/ I$ }! P% d: ? 8 j. }% A9 [" v f2 s- TRMB 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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9 J0 e, s) C$ _3 Z* o( dBut 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%