Right on! 5 U( ?+ u0 m/ B( U, E$ b3 S- X! Y9 b4 I
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$.# ? O+ E. ~5 m( {. c
5 `5 Q0 ]- ~2 Z5 V" V1 C9 T" E" Y
Woohoo...time to realize some profits (especially on oil and gas stocks) today! ' g3 b) J8 N4 P, w8 F& D- o t" P' c/ [2 h
An option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. ; r/ s( \% K4 m9 w! E4 H 5 [6 z( d7 Z$ ^, `8 u& ]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 P* J/ e) Z2 Q+ |: T$ g
- o" y' \) C: x* u% \1 Z( E
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 0 Q; \, Q$ G! K* G3 TRight on! % f6 d6 d9 k' s) L) F/ @2 o2 X
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
: e' z7 f# Q& D, f8 V
( x. G5 Q1 C, L5 ^Are you kidding? . I( q8 c6 U6 N/ _$ p) |1 l$ I 6 E& \* i- s% w+ I7 |% @1 G2 D% 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 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 ! z# ~' E2 |, S: M5 V0 `
" c' V8 F! p# d
7 S2 f- \* N6 N! O( g K6 e
Are you kidding? + p8 w5 J l8 g8 k+ t$ `$ `
3 u6 D) \% G, j& DRMB 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 ...
7 N4 w0 z& ~. J; I' m$ b& ^- D) ]
3 h4 r2 q1 k2 wBut 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%