& R$ c' _) e* P2 k0 O- oI 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$.% f/ a2 G* r8 b; p5 ~
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Woohoo...time to realize some profits (especially on oil and gas stocks) today! % A& p" J2 @9 I# F# p: l" a8 J+ K1 _9 G7 e
An option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. " G6 M% C6 P8 X, n; O! U7 A, @9 s/ ~# ~: _+ Y |0 j
Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. & c5 z) k/ X' a1 B7 S7 f ; J0 G' C% A a% g- @) t- A( ZGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 ! Z4 f0 M$ t+ }
Right on! ' ]2 S- N1 v* o! m# \# J0 _
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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# @ F" D6 { |' yAre you kidding? ; b! Q6 o g+ Y( x4 @/ o0 S
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RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 * n" i4 W9 n/ v$ F" Y. q% j
# i5 o1 e6 D4 z1 ?. k! O , `* b. y0 k) eAre you kidding? + N6 \ F) e# U+ x8 i# E
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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 ...
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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%