Right on! & g/ [, \6 t7 Q M% e8 X$ A& d" j: `# k) i" T" w9 x
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$., ]- s. \( L5 w; V: ?1 m
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Woohoo...time to realize some profits (especially on oil and gas stocks) today!* H) X0 g4 s4 a$ w T( ~8 V
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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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.6 U" w1 B) v3 m: D
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Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. 1 ?# \. h S: a T3 L- v; f% ?( w
原帖由 MiliCat 于 2007-9-18 13:06 发表 , o) N, c5 T$ @7 p, i8 J
Right on! 3 D: V8 z; [; x7 G( 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.
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Are you kidding? 6 L2 f! \1 R* w) K2 n
$ F2 u! F, l3 |, Y; i6 ~ vRMB 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 ) T8 Q9 y* V: D7 ?0 s
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: o- r; V! A4 c2 r( \$ UAre you kidding? : H; x% r( n6 |5 d2 W4 n W& E
( G" p5 k6 u3 j' [- lRMB 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%