Right on! ) J2 i% { o" R5 z: f- u- N 2 d0 |8 n: Q) @' k) j$ yI 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$." V+ j6 b$ Y% z9 f4 M# g. v
" I* P9 U; w& {9 p( y! y yWoohoo...time to realize some profits (especially on oil and gas stocks) today! $ r5 J+ y9 X3 u9 P ( U: o, t. q7 c: `8 ? E# QAn 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.' E# i7 k6 _- ^2 G$ C Z
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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. 4 L6 a& I& U9 {& l9 b+ C - ? d/ Y, @( v) b+ I% DGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 ' K; c% g% K8 v8 C- DRight on! # \! R# @2 |# V I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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7 `: V; m. j0 ]1 xAre you kidding? 4 X! H- v: [/ d/ E& B2 f2 h . X9 J0 X) x1 r# _) X* k. dRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
* ^0 t$ o* V7 {: j% _; W " t J6 Y6 I4 j$ e3 H: dAre you kidding? 3 w5 g, [2 J* T6 z0 f" z' b
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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 ...
( _$ b% Q" o# R 6 t; z6 q9 b u7 C; sBut 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%