8 r' Q; s! [1 FI 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$.. e. @, t% _) r& r
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Woohoo...time to realize some profits (especially on oil and gas stocks) today! 1 V8 r4 G( H0 {/ o; P" F( P2 r; d3 I/ ]6 H
An option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.' T. z- ?5 o( j+ ^" E4 v. H! G
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Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. 9 y$ |( k$ Y0 g" |
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 i! v, g4 P! @# x* g) e, p
Right on! * I9 L0 \, E1 w5 _7 s
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
( i5 F8 P- x T B . j+ `$ W% h* d# A4 MAre you kidding? # }9 i) m% H& a) C* o) G0 u( {; J+ |5 ]4 T# J$ }
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 # k6 e# q Y& s$ g9 N. J: ~ ]$ { y. B' a6 t: Y, C/ h# ? % T* @+ |7 g( c6 c* GAre you kidding? 7 X( k% D" F. M! J$ X7 `( w+ {/ K3 \% F- N! 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 ...
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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%