Right on! k% E4 V( S2 B / v4 D5 O7 l$ V, L wI 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$.% X/ V5 d# e' F1 P0 H: Z7 F
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Woohoo...time to realize some profits (especially on oil and gas stocks) today!& u0 w5 F) P3 m4 T2 A: Q
& L! e8 {, }& U1 j' r5 JAn option for diversifying away US$ 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. ! T" B& E: O8 n6 `' ?+ _3 u 5 }( y- V8 @ K& L6 ~* e4 C IHappy 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. ( F& p5 Z5 L b) D) f) L# ^6 d: K4 H% Y
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 9 }' F" e& Y: V+ B, n0 l4 H3 V
Right on! - s9 w9 W4 e: I/ w+ Y- f
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 9 r2 P6 r& A8 d! n! p ; Z# i! x: U8 ]$ 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.
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Are you kidding? " r5 R, m8 _+ N! ?% G 1 p" M( i4 }# c( _% ^* i$ DRMB 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 ...
6 T& s! I9 [" G : M7 y8 D# Y7 W2 W& V( 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%