Right on! 4 e% J) u5 z0 u7 O+ @' c
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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$./ x4 A8 |& z y2 R) }1 Q
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Woohoo...time to realize some profits (especially on oil and gas stocks) today!4 m5 Q/ n9 t' U
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An option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. 2 W9 w% t3 W0 i5 Z) g 9 W2 A, u& _% m' \2 \Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. / r9 D+ v8 J! F- W. ]
原帖由 MiliCat 于 2007-9-18 13:06 发表 . ]+ u" ^9 h& Y$ IRight on! 6 i; |0 D5 W* r7 ^8 S( x I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? ( t4 r1 z, v" ?- n* C5 N
: ?* k: c' p5 N" |RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 7 Y l$ p- T3 s: _- z: d ( X. X$ e0 L, a. G4 `2 a6 F1 a' H/ q" Z( R4 s
Are you kidding? 8 G8 {; v2 p$ i2 ]- D5 t1 z+ C0 X8 d+ Z( u) p
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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+ b+ B# `$ f* ?' wBut 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%