6 }/ a0 |( Y9 G1 NI 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$. 0 g( O) D4 D2 j' p c* Q3 m) k/ ^! j+ i( p
Woohoo...time to realize some profits (especially on oil and gas stocks) today!' }8 [0 z5 i1 Q# e( Y% ^1 B
. y! i. T( J- E* l- r0 y. @An option for diversifying away US$ 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.- C) l3 t" B! k# B
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 ^- R% I) R/ S: _
原帖由 MiliCat 于 2007-9-18 13:06 发表 , z6 p/ A6 @9 m6 d: p
Right on! " _, r9 V" q+ q# n: P# L
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 1 d/ w" N% }! V! q/ M5 z9 v- b 9 `+ f t! q. B. ~7 T( Q6 n; `- nRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
, G4 e! w& j3 u! a: ` [& i6 X1 b, n' N) X) cAre you kidding? 6 }( I1 Y$ K1 v4 }' g4 P. ~
! ?& `3 H7 ` q; n! fRMB 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%