Right on! 9 c& y- {' z4 l" Z. x" i3 r9 A) w, Z; z' j( d+ ~
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$. 5 V# [, j4 l7 k7 F8 t' I( U n W& @( @! x! Z5 q/ G4 U
Woohoo...time to realize some profits (especially on oil and gas stocks) today! Z- y. w: a) m* p- | `: k# Z& h7 S) u) H
An option for diversifying away US$ 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. 2 o7 h5 i7 H; L! G - m. [- q8 l" U, 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. " k7 s0 `% R! V3 B1 ^9 L# C4 ]% {! T3 T4 V" c
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 ; |" V0 y- A2 h5 p7 Y1 RRight on! 6 f# ?4 j5 H2 U- f, t I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 0 ]0 c* W4 }5 c" b/ i$ s& U: I4 z& Q
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 - }: G* s) g) m+ p7 ^* l$ k% a9 z 6 V3 N8 f0 I3 n4 P, C: C" k" \$ r4 N2 j' w
Are you kidding? 5 _; m3 h0 ] V1 z1 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%