Right on! ( u/ a1 ]& ~2 t) a! R7 o 1 L' [- m! B" ~. Z3 CI 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$.2 r, N! d' C7 }& X+ {+ r8 }
2 U. K0 V7 A8 J, ~' t$ E& Z. tWoohoo...time to realize some profits (especially on oil and gas stocks) today!, l2 v" o& W* J6 r% \1 V
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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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. 4 \# ~, `& Z6 Y) H2 {# \/ Y _) k3 n7 j) L( ]4 l1 G% e X4 s
Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. ( S8 K% W: x& |" r9 P8 y, ]
原帖由 MiliCat 于 2007-9-18 13:06 发表 ; Y- d [* A2 q& L% _5 ?6 @. {
Right on! " {3 U" x7 G$ F$ D, Y% f I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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1 d! `7 P* R4 v6 \2 g$ @8 NAre you kidding? - j q ?, @8 W, I7 A9 H9 p) v7 Z! V3 Q- T) o7 w |
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.
5 s- u! T' G$ B! I : j* s" K5 J0 `6 EAre you kidding? ) R& A$ a$ f+ m) A9 N- k0 h$ v0 N7 e
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 ...
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( Q2 w% B5 c- e, [" j& ?0 [+ @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%