Right on! 5 a7 R0 o2 L J2 s/ G / L# K3 X* U4 {! y( s, k" UI 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$. T5 {' F9 ?' m( w6 T* C
+ E0 q4 D: S3 N
Woohoo...time to realize some profits (especially on oil and gas stocks) today! + M% N/ X& T8 }( A/ I: F: x4 d9 `$ K- ?
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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. + y; y ~$ z& a+ g1 d , W6 I6 B- `8 y' b& L# B5 UHappy 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. * |0 O! r. I9 Q* S3 Q* a+ U" }- B$ b& f* Q* X/ G0 M" u$ h* B$ X& c4 N
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 - a; y: [. ^% `# q7 rRight on! j; N/ N2 r1 m: e2 N I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
, _# G0 n( }. h2 g# i4 s$ b' r% l % l0 q0 J: V$ Q }Are you kidding? $ m& |; B$ N. i4 @7 ?& O% R
$ A$ C/ Z0 r8 _: a) U, _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 " c9 t4 G. N, _2 d2 b( X
8 {' R8 [2 | S( _! V
# C& a( z4 g9 U) ^/ PAre you kidding? " L" y% S1 ~' U/ Q4 h, F2 D; S1 x1 L9 A' ?- i& G
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 ...
3 j0 w! i8 O; m+ O0 Q+ }/ B1 ^9 O' h3 j! z! [
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%