Right on! 5 h1 {$ l% I1 I. j: a3 p. z% p2 C + y$ |' s1 O! ?' gI 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$. + @, \& f% j) H. J 1 D6 P; t! P q! SWoohoo...time to realize some profits (especially on oil and gas stocks) today!% Y! g& v5 y) i. l, U/ J
/ K! _+ s# H' b) U/ V! AAn option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. ( x. X' s# I0 {2 e, {. }3 K2 A( Y( t" M& w: G" n8 H8 b2 t
Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. 3 L2 @* ?- o1 q t, n: W/ n5 b0 }/ p6 G1 Y" k$ `
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 - j) W( ?2 s; W1 M3 sRight on! + I; @7 e9 ~ s3 N$ e4 e6 S 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.
$ e6 l6 m- H- o& K 4 {7 Q7 o! _. }1 Y1 Z& v5 jAre you kidding? ' x' w. S6 N0 v% D1 C/ c% I1 @* X
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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 cannot be exchanged both ways freely, making it actually worse than the USD.
* N( x3 ~2 @) R$ W2 h * k& \% [4 r# C9 W/ cAre you kidding? - b& }8 p* U% E' W
0 y) _1 r* |" Z4 d$ E* sRMB 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%