Right on! ' J1 r: m8 a0 e! A
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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$.; f5 T4 M0 V) E+ [0 Y- @% n, g, l
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Woohoo...time to realize some profits (especially on oil and gas stocks) today! 2 K: Y+ O" e7 w9 v" L+ P - I, k# z. }. s( |5 EAn option for diversifying away US$ 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. 9 U! o9 I4 l- W0 d7 l # |5 K8 I8 o9 \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. 3 \, j7 g5 ^( v( Y V2 ^
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 1 p4 T {8 m1 T3 l3 z D, T9 f
Right on! 3 |2 `1 c9 e) _4 J; n/ X- M
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 4 v( W$ f+ V/ p9 k
3 `& @+ B0 S+ f, i5 d, ]8 [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 * j9 ~: ^5 {1 [3 J; l' n: R2 j4 M
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Are you kidding? 0 V( Q) T( W- Z* i% V# B
9 V. t& S# ]/ [) z7 A* ^8 URMB 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%