Right on! 0 Z# Z9 U8 }* w+ k6 Y, ?2 q0 C, N5 `8 u d9 P1 [* |# @9 i
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$. * w. M( G* U5 u3 w 7 }$ I' q# m6 Q# h' WWoohoo...time to realize some profits (especially on oil and gas stocks) today! v: s! `: k) F+ X+ ]/ m) `
5 ?' S' g# C+ e8 v5 e" O3 ]& P" ~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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. - l' t! A, g& Q7 r' w- g5 Q 1 @( J) e6 J% O6 ^Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. ) w3 b* }: ~3 B: { & L6 n! s* ~/ B9 `. |3 C* ?$ hGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 ! y8 H) F+ B2 O5 q
Right on! 8 U# O. W8 w4 E6 [( \
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
9 I- H7 W; Z0 I: M: j' w, Y : z$ L* s& y5 ?2 l& ?9 XAre you kidding? - k# ^- ?6 z2 R
+ ^1 H$ {5 ^( U* Y5 P: 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 % F' b& p, B0 S: r2 l1 J; b1 ? 8 t: V: H' v, _$ B1 S. ] 3 J4 o/ ^5 B2 I& RAre you kidding? : Q+ S) v9 m" \! p. W9 l$ h8 X% b- A
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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 canno ...
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/ |- A' _0 z% w8 X7 `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%