9 s; A7 o( ]. w8 i6 f4 uI 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$. ! g& O/ c! S( q+ r. T3 l) J& T, e9 o
Woohoo...time to realize some profits (especially on oil and gas stocks) today!+ G6 h: g/ O7 g5 H6 A7 V
! A2 E3 j/ a0 {An option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.6 J+ X. P0 h n# V
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Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. & Q% O+ {* g. y5 [
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 - Y6 ~$ ?! O* ARight on! ) [& [+ a6 n9 G( z5 {
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
* ?/ B% m& [) H8 W' V* t3 g % C, ?2 r! J. {2 B/ J5 |Are you kidding? 7 c7 V% t8 O* v0 F ; q0 N. R u; `7 G( z2 MRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 # ^1 B6 p% j. K( P2 t8 G6 \& w) u7 I5 N; Y% T+ J }6 M. L
: m0 p# f; p* S% kAre you kidding? 7 d& ~$ S C1 Q9 f. V _/ F9 b
6 d+ G( T& r' g" D7 \$ \' 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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/ f. v g$ X3 k2 LBut 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%