Right on! 8 u0 o/ F9 Z2 P! u3 S1 X" n+ I " g, s& w8 C QI 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$. & |$ v: ?0 ]6 D5 N 9 E7 B. t! o# `3 TWoohoo...time to realize some profits (especially on oil and gas stocks) today! D# q4 }" `4 S# A# z8 O# d
1 h# f/ V4 r) t# r5 z) H0 k/ hAn 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. 2 J. f6 |& ~5 L; s6 @ - L8 `" L% r) a P0 O; cHappy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. " w: }9 q; F& p5 y
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 2 i+ j$ [7 }8 n% Y
Right on! 3 V1 S! J. ? [/ C- p0 I 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? : u( a g. i) |6 m; N7 H' i
7 Y5 r; K5 r7 _3 ~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.
# g% B; o; O) cAre you kidding? ; g9 ?4 b- C4 M0 B% D; ]) b. }2 Z0 `8 c% H) |! x, d% F
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%