6 b( U6 L5 W9 k! C8 d( TI 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$.' E) o( I9 m* b
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Woohoo...time to realize some profits (especially on oil and gas stocks) today! - m! k: U3 U+ x* Q+ }! m, A* I& L+ \0 A; z# X
An option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. 5 f. [5 g2 J' y- ?9 Y p5 d4 A( q% J
Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. 2 ?: q c0 w8 G! b$ f/ j. {9 ~2 e 8 p$ r3 ], u5 X% [" IGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 # r- s$ a- m, E! t0 I k
Right on! " o6 G5 S9 K" r! W5 `4 M" Y6 K
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
- Z7 h! @; i* G, z: n 3 q) w2 ~6 W2 `" T/ xAre you kidding? 0 A* s8 l8 E$ M 8 p# Y" C, [0 b% d* pRMB 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 [1 h7 K1 O$ U; Z
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Are you kidding? , E X: J8 k5 O$ ~* ^, V8 f. a; @. m6 P" L% I6 V3 e; y2 W
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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0 J0 n; P& ?# g* A& h% z! \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%