Right on! 2 n- X+ I. _1 F4 q5 I" w b4 I5 V: w- W, s; bI 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$. $ H: c7 s& u1 R: _8 \% D5 K ! s! v/ _" i) RWoohoo...time to realize some profits (especially on oil and gas stocks) today! / b3 U0 | }( o: \* |1 _4 J; ~7 u& Z" E' n7 P( t8 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. ! \; }2 Y( t- @6 C" A" {% z! \0 r, I2 o4 [, k5 ?
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. & {/ W4 i2 S7 M; `9 ?& y
原帖由 MiliCat 于 2007-9-18 13:06 发表 / O9 J& C, p( T b
Right on! 5 I- g' y# S" e' B 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? # h5 J# g; H6 J. H7 b. w( q2 [" t
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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.
原帖由 Z 于 2007-9-18 14:16 发表 4 \) o3 t3 ]( N& ~1 A( p2 h8 t M! U1 y; q, U" a' u+ N
$ ~1 _6 L3 g! X/ Z; y+ {$ jAre you kidding? * M1 f U$ x6 Z' b1 p! r* V
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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%