- a5 J1 D! j0 p; D/ S, T/ X* jI 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$., E7 ^: {7 H+ q
1 ^( z* A; {" m) [) PWoohoo...time to realize some profits (especially on oil and gas stocks) today!5 u2 }2 [8 @- T8 Y1 c
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An option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.3 o) P2 o6 S) s* f
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Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. : ?4 M$ n$ m% t% D* J& n; F2 ^( X, z
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 7 V" F+ O2 I. Z- l/ @Right on! 5 [9 c$ X, c6 w! C# H5 U
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 1 k+ `7 c! L& L) q8 m$ F
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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 ) b0 o* f$ \( Q$ y8 N$ a6 x( b
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Are you kidding? # d/ C( ~: H" s
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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 ...
5 @4 ?9 ^6 F- a+ [( X% z% j/ | ' |9 [0 @" ?6 m3 a" BBut 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%