8 ^) ~0 h E9 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$. / Z# o; I. U1 [0 y) n: O& I4 [# B' [6 N( j
Woohoo...time to realize some profits (especially on oil and gas stocks) today!# W8 |: v2 C3 { F
/ k- Q6 _ ^& W2 x) aAn option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. % {0 i0 L+ u( F" c$ c 6 Y. ^! C' u) u) p4 c7 g9 lHappy 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. / H/ \' M" o: R6 u1 c
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 ; F) t$ G9 i: j2 P: e. z$ a
Right on! ) `0 E( y; l7 s* {
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 2 q5 T8 }$ f V9 V, x$ ~( T! ^' H8 f7 I4 l4 s7 J4 H
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.
. ]% E/ d% A( f* r ; s7 Y& a( W% A6 c) V2 c1 mAre you kidding? p: z J+ A% b: V% v 3 P) l9 h( q# ]+ A0 U6 L7 CRMB 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%