* W& P" d) A9 Y4 k' ~" b0 `) SI 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$.% `$ q) h$ ^9 B! N" B5 g: L9 R
' s) Z: i, p- k+ e) e/ J* C/ SWoohoo...time to realize some profits (especially on oil and gas stocks) today! 4 P. n4 l( [& {0 E8 Q; S; `% X5 x6 k' o* k$ F- o
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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. ' {7 z3 ~- c* R" D- _! \" c1 V: W* c2 d/ w
Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. 1 `" n- W9 E) ~, _6 t " {! P, y( f7 A: f* ?' QGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 * t/ j3 C- A$ G8 S. f& u3 z
Right on! b; p& Y" H- K4 }4 f I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
1 S. z1 f0 s- {+ V/ t' u$ Q 0 p& _& [+ X6 f4 Y: PAre you kidding? ' Q) B$ C6 f) ?5 @/ w& [% c V( ]: {0 e& m5 B0 HRMB 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 / y$ a& q. q: I( b g$ X
- m' R9 {' ]: r& p 4 O' _0 [# ~( F# i/ i/ O! U$ KAre you kidding? 7 ?5 ~& N+ c0 J, j5 r) Q& F: s' q' x4 R( ~
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 ...
! B; \& {/ @9 E: e. \$ J6 B
! o; L2 r" j9 U' C' Q% D. X rBut 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%