; E/ D/ O2 v. m5 ^) M8 G) U5 t& n& RI 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$. 7 b: ?: } ?2 l) E J% }+ m" V; ?" ~, O/ q1 @
Woohoo...time to realize some profits (especially on oil and gas stocks) today! 6 }' f, ?8 Q* Z8 U 9 l) p$ |8 A+ u( {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. $ h9 i9 m4 v6 i* ?! }2 u5 x g2 U6 o" j- T0 u1 D! P qHappy 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. 7 t9 W* w/ |" W- g; f% f ! q$ Y1 t5 }( i0 ^) P' } [GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 $ g1 K5 q- t& x; z
Right on! 7 `" p% H0 }0 O& T4 [ I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
* a* ^7 W' _. VRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 4 K+ [4 W# R# ?# e8 s% M, H% b% D
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Are you kidding? - {9 m2 {8 J* q" t
# A5 ^2 p; @4 V5 FRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB canno ...
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$ \+ v) y; X' b0 u1 r: f4 pBut 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%