' N' X0 A4 W2 S6 G4 w5 }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$.4 r) N$ y) @, {/ \
. \9 x2 F1 e) l+ jWoohoo...time to realize some profits (especially on oil and gas stocks) today! " a/ P2 {& @6 ?/ j4 E# i' |! L2 Q0 `7 |; L1 s; L- X
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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.% P, D0 F$ X. k- y6 _5 c
* a i8 g. d2 W$ B' G" u
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. ) ]$ M6 F( r! @
* w# B: i" v3 ? e3 r& T) f" S
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 6 J8 U2 k, A* k6 ^, t! a, o
Right on! : F2 L# v9 G& k+ A2 c
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
: u) b1 U8 I1 S G; ?* a; x+ X/ z' ?
4 U# i {0 S. {: e- v. j% p: o/ HAre you kidding? - A% N; z6 I* M6 D
% N1 F Z/ k- O# ?+ i- v4 \, E9 r4 F
RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 ; k6 @/ d( u: T; m & s$ H; x# y1 c( F! ~" u 1 r' [0 x! Y% NAre you kidding? " p; B5 O. k4 C5 ] P
$ V5 Y& o# `4 U+ h; }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 ...
: H# V7 i- M) T; P, r; D
6 Z" E! I5 P1 e) r' X
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%