Right on! + C0 E0 C* u/ I% c+ F. U n; r+ p E2 G- A6 ?! v& f
I 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$.! V# T. L, b' N) I
- L5 g* L6 I3 V8 t. @. P' X) wWoohoo...time to realize some profits (especially on oil and gas stocks) today!( r2 M; g) M2 c* W# ?. x- A% R
- I2 l% c: D# q! W1 _1 [+ H0 GAn option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. 9 y: Q0 Y2 B% i8 N; w- p j# d6 X/ K/ M! y- W) q& E
Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. # M' W4 Y" v$ q * |7 k% q/ ~6 T. j' QGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 ( n9 k) [7 g) a! l
Right on! , O3 N4 _* f9 p% N5 Z# ^1 v I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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! A O5 S- L' l# Q. T6 EAre you kidding? * D. a4 J: V9 @! P5 P0 Y
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RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 ) ]. E1 a& w4 Y1 x. a+ y S
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Are you kidding? ' m j: Z# W5 k! o$ l6 }, K ; d) k$ m" C* Y/ h5 GRMB 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%