Right on! ; T$ V! }* T3 j
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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$.% n7 J/ P$ r; q2 I* u* B+ y8 L
q) E, F$ c K7 T- E5 m$ VWoohoo...time to realize some profits (especially on oil and gas stocks) today!0 M) H6 D- G, P- n; o
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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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. : R9 d2 r* K6 x% P W # Z" ]) W' |; l! s' y8 e4 I( VHappy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. 6 }6 C% V ]( _& ]9 ^9 f( |8 X% H6 p! z7 p) |0 I
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 8 U y; o7 |. u1 iRight on! - W! p% j1 M+ i$ r) Q 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? 1 f% {4 J }3 R! F6 P
' W5 h! @# ]6 ^2 W: @1 C7 R. zRMB 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 : \- G4 y1 ~' j7 w+ Y% x! I# F4 R T4 N' e7 G9 B
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Are you kidding? 1 Y/ j m/ H+ o R: E/ A* r; 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%