. Z5 Y1 S9 M: U$ U; HI 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$. * p/ l2 b2 _5 b2 c0 f $ q7 Z5 H2 E8 E+ l9 s+ MWoohoo...time to realize some profits (especially on oil and gas stocks) today! . }% k$ R; z+ }) ^4 j2 V9 H8 T5 f! L1 M+ G: |
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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. & e- i& `3 Q9 w* P2 ^8 Q- S# F9 r6 {8 R0 f$ [3 T5 _
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 r: h+ W6 C: R* ?* D6 c
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 ) A- ? }6 Y: [3 T; d- k
Right on! ; N/ k; r3 q3 u5 ~' a2 m- O
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? ' u' V% b7 f0 G- v! R; D* O2 l2 |7 y; h
RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 4 H$ ^9 O' q8 ?0 ]& c1 w% b [) G' V2 K: x0 w" c
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Are you kidding? ; [! h5 T) K" Y& ?3 |" u6 O6 G, B5 p; d" U
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%