Right on! 2 w: Q- o9 d3 D6 q7 Z* h # d% U- X4 ?, G$ a' |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$. 1 Q1 K% u3 t/ p3 P: B) ?' @ & r4 Q7 `: _& E" L: j, {0 DWoohoo...time to realize some profits (especially on oil and gas stocks) today! ! H% i1 W+ j2 j5 k) ] [ 2 m& Z0 t6 x- I- R# bAn option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. 4 V$ }- `2 |, o7 ^- S9 `$ j ) s- h, T! |2 S( X' RHappy 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. ) p7 @" ~# j# X7 F9 d b" R1 K: h) e7 YGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 4 T" G. k& y7 P2 f! I7 U$ B) i
Right on! - [; |; O/ e& Q, K6 ~5 S. 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.
( j; s9 p5 c y2 g/ |
6 {) }1 Q0 A% K. ^( x. f
Are you kidding? 2 _# G) c {& r2 A
$ \9 z3 y. s1 i2 T. O5 k3 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.
原帖由 Z 于 2007-9-18 14:16 发表 , @9 r$ T4 d: I# [* y7 m5 I8 r/ ]8 S5 ^' \
9 Q: d5 \1 p* K" |. a
Are you kidding? " \* p( B8 u1 y; w+ O" G5 a9 j' i) t4 [* I8 b
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 ...
{' r" k; F, @1 f
! B7 q. Q" W2 r2 g1 D1 A8 YBut 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%