Right on! & R4 e1 y8 ]( T . G9 v6 b8 [( p' \ j+ c; UI 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$.1 x. t! L& A( T" S5 H, h
! m p7 H& [$ D _. X- r8 EWoohoo...time to realize some profits (especially on oil and gas stocks) today!: M8 H" S; \( }( Z- L& i3 G7 Y
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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. ; C- y2 O* [7 q3 m; V $ k* i# ~3 q: \- c+ h$ ~2 A% G9 _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. 8 ^0 [- K" P6 l
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 / D: P3 z# Q; a2 ~1 vRight on! " {2 w: N! H, @, a: P8 a
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? & q9 h$ J6 ]2 L$ J; N U! Z8 M _
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 . D5 L8 Q$ I" J+ }8 |. v G" d& C& F4 l8 y
0 s. e# c Y9 E6 @( e- v4 J9 u0 nAre you kidding? 4 ?: K6 z7 p t, j
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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%