Right on! 1 ]8 f7 f p4 L8 b% F* b2 h* A* ^+ Q8 ^6 Y& S# G3 r5 t: P
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$. + U$ c/ [/ e' N2 k4 c1 r1 z% i 1 Q N& X4 U% f$ OWoohoo...time to realize some profits (especially on oil and gas stocks) today!1 i; O& g. X1 l6 `6 L1 D
1 B: F* a* N8 O
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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. f* y1 `; O* A1 \! m& j- I I% |* R7 M" w/ U+ D2 dHappy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. 6 j/ i& C+ B$ A+ @ + W0 p: s. A% D: n, }3 ~+ H9 e) OGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 ! Y5 {6 E1 ?: B/ ]Right on! ; \% ?/ k" R( b# f+ B I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
9 K$ T( r# ~) H1 a" E; O
8 h' r0 F- j% V# I7 I/ |' U" M
Are you kidding? 7 \5 G7 z3 c/ p% t4 S6 b3 s0 F
, D1 g) m4 d1 t( k/ \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 1 b& s7 J2 X2 F! [$ U" Y1 X+ A% |2 k% R
: s4 {- J/ \ D: z! fAre you kidding? 0 X6 g- o0 P* A/ I- ?. f
j' a8 q/ G" P }' |* ZRMB 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 ...
1 T& P* l& q9 d2 p9 \ . O2 |+ [3 {. NBut 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%