0 `0 t. ?" v+ r6 v" ZI 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$. * R$ Z; K# ]7 u( P4 Y0 f/ \- ~0 c5 T
Woohoo...time to realize some profits (especially on oil and gas stocks) today! ]% O, g3 }- b: \2 ~ ' v) w( r0 W% r+ g! DAn 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. : Z t2 V" L7 p, y1 j* R+ u5 p
Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. . k7 Z% F& I$ ?+ P$ j1 T ; m9 H9 t" T! O5 {3 h. \GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 |+ h4 B6 X" y2 C8 R6 t% E! X
Right on! 3 |8 ^" E$ M q5 c8 \$ C
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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& |* k* x- C- y7 CAre you kidding? * t5 Q; D" \/ M1 K$ Q
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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 $ j' _' C1 O1 S0 A3 ?) S/ T $ C: q* \) G. N: f; o. C1 D! d3 a' k j9 W; P8 O
Are you kidding? 4 X( B; E; @# R/ S( p
# D- A5 p# m5 y K( w+ GRMB 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%