Right on! : M) t% R* d1 F3 Q7 \6 Q# k c- {) P- ]+ ]7 M$ i4 ?: DI 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$.! S( c, m0 b) O9 ^* u, B% \" T
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Woohoo...time to realize some profits (especially on oil and gas stocks) today! ! X4 K2 _3 }: @& F0 f2 C6 w/ k% L+ x: c% N7 B# m
An option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. # e+ V- s$ V% `% x8 v9 _- O5 X/ \4 c% x Q: X2 E; r3 T
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. - ?& T% Q; `( p M / ?: S. }4 @6 m8 |: y4 ZGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 * O' S3 c( O" o. G- o9 gRight on! ! _6 e8 N6 S4 @8 j6 a* L% @ I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 1 V, I4 @ X3 {0 H5 Q) g
7 e n( x& A, S; uRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 * y, t9 ?6 q- Z 7 Y0 |/ `. g8 N7 \ 9 y8 i/ I% v+ d2 X$ [Are you kidding? , @. [/ K6 f- { 3 P1 K W: h8 C& W' j; Z+ D; |/ u% tRMB 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%