Right on! 1 i6 f; L7 C- T- {) U 9 D$ e- ^1 ]) ]' X. }2 d/ n; d4 r, fI 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$.7 O7 m7 s1 e; [. U
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Woohoo...time to realize some profits (especially on oil and gas stocks) today!$ ]0 r; w- |2 O* m* f4 G: S
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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.) Y! g7 |5 a4 [1 j9 V
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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. ) F+ P3 D% ` A, ~' }; ~1 v
原帖由 MiliCat 于 2007-9-18 13:06 发表 / Y0 P/ J6 x7 t5 E
Right on! 3 t8 P2 c( H0 ^) M; E" [) O I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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$ { [8 o, b' P$ rAre you kidding? 9 P( W0 }: a2 Z3 U6 S. U
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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 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 J7 \; ~' c3 ]2 ~! {; }) ?2 C% T
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Are you kidding? 8 k! ~* q Y" E9 i5 D
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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 ...
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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%