Right on! ; e5 E9 J6 b# j7 u& I! a+ G - ^. W( z2 B* W/ v8 M6 DI 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$.# R) e4 g6 A; L2 N' r$ C5 g
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Woohoo...time to realize some profits (especially on oil and gas stocks) today! f0 {% [, T' E k5 t$ Z* g( w1 k
V, K# o3 N8 |) tAn 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. * M* b, z) ]/ D5 \& C* U0 U/ m( \7 t# ~
Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. 5 y( b q H2 `1 c1 t" C: F! H- w* f+ _ {% p, c
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 " }& e( } _) O$ z! URight on! & U F" p& Z' K( G2 `) N9 V* ~
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 0 J- ]; [9 h$ u5 V4 S2 x1 @! p
9 C9 Z5 D7 e) p6 d0 l, V3 n( TRMB 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 ' X7 y* A. M, |: [ ! F& O+ T( J; O2 q4 b0 N+ R# W 0 b( L3 n Z2 j. Z" KAre you kidding? 0 V( _; z' v% g1 o) Y
5 u# u( Y& a3 D, ZRMB 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%