Right on! / J1 }) `; d9 u% W ; S) B/ ^+ f, R" cI 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$. 4 J+ X4 N1 O3 q" T; d5 V* t" S0 r, U. A ~% H3 `
Woohoo...time to realize some profits (especially on oil and gas stocks) today!! c% T% I% f% w, m3 w, S7 C
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An option for diversifying away US$ 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. 5 c1 E1 \( w. d. T7 ^$ l - W# d" N$ J) S- y3 m8 j4 r: [% R' FHappy 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. ) @' N8 ^ y( H* k, O( Z, a3 L( C5 {
原帖由 MiliCat 于 2007-9-18 13:06 发表 4 q& v6 f0 ^! N4 n( D% e3 P$ [
Right on! 5 D7 F% W; h( P2 F* f
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.
+ s- R1 z4 t: p ? 4 o4 J; n6 }( I& I/ ?Are you kidding? 7 D, v( v+ n# A" W" [/ N& {( b: `* x% |( s
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 + i+ i( A! V& T- b. o! n ' s6 o, @, o& u/ K( q9 ?! c2 \ 6 r! A4 C9 T& h9 q# BAre you kidding? # Y! r; O0 A- J* ]8 A" G * C' o# }- E7 S; G2 {9 k% g6 CRMB 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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8 Z+ {/ z5 V. u; f5 b) \/ c: uBut 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%