Right on! / H8 c0 G2 y/ `& d1 B! q/ m
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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$.; z9 }! [- \0 `! h9 `
$ ~% C$ i; I6 K) UWoohoo...time to realize some profits (especially on oil and gas stocks) today! $ w7 V3 ] ]$ h2 F- e9 R7 F# T& H( [5 X0 j% }7 J* j
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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.% T9 u( p" p( n
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Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. ' c" X) l$ f9 B1 \3 _- q
原帖由 MiliCat 于 2007-9-18 13:06 发表 8 g6 C$ k+ L- G6 E. Y7 _3 U
Right on! : x7 \0 }( w- V4 s$ q9 m I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 2 N2 C8 k$ K; x
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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 2 R' I; D+ C& z7 H5 ^! m6 v 0 j' e: u# s6 B$ h5 k+ z2 v2 w: s, t( `% g' ]% P: r
Are you kidding? / K9 [" w$ V: ^# |3 \, ~4 L( ~& l$ r / m& F+ Y/ f' {: V" ^7 L' v6 _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%