Right on! ) p0 S; O% }2 m6 r$ e" Q! [+ J+ J. G
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$. + k w/ M( T# J+ e 7 x$ r- m, ^6 LWoohoo...time to realize some profits (especially on oil and gas stocks) today! ' { x9 S: u# \/ B0 U / D- D. _4 L o+ O I* o K2 {. SAn 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.$ `+ s* X4 f3 X5 m; b) W
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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. . Z' y4 r. P8 @3 n: `- i- y 0 g8 ~9 O7 r% ] r: e8 |GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 1 [% m9 Z( S: m% s; {+ R9 x
Right on! + h X5 q' T. {4 m" N
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 4 V; P3 @) }$ H: h6 P 2 L( Z6 O# R0 lRMB 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 $ A3 F: |& M* [. s5 v: y % x. i* a6 j; n " k7 S# f5 ~+ Z% c6 y7 LAre you kidding? 0 W- X7 d0 \$ D/ `8 ?- p
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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 ...
$ e. m( p+ _3 D. q ) y) T! V+ {; c: o- j( |# M& yBut 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%