Right on! ; x b( |/ K7 M* o m & g k9 a% g* y$ vI 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$. ) J; C0 x. `: t' P" e' T" e9 Q0 ^' M
Woohoo...time to realize some profits (especially on oil and gas stocks) today!, g: L* N% x- r: Q" Q2 ~
; m2 u1 {) J9 k& N
An option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.9 r' y$ \7 Z. `
% Z0 u* `( n9 e2 |/ d3 ?
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. , K/ }7 c( S* m4 o
5 v# T% J! y6 x
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 0 M4 y0 I" d+ w+ ?7 t
Right on! % n6 [( O4 t4 r/ h* {0 a0 {
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
6 u2 x% F1 P. |4 i
( J" r& j1 F+ t' x0 G* F7 C% q; I# ]
Are you kidding? 2 G7 \6 |3 D3 ~8 r. v
' R) ?# N! n0 D9 g$ e7 }1 ~ p
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 2 o- Q9 g9 D7 {4 p" i ^% U2 T/ u$ }% g N5 }5 c
, ^- }* \5 s8 M- a6 i7 ?
Are you kidding? 5 ]+ f: b6 o3 Y7 J! t8 F
. {9 ]& d, Z4 n wRMB 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 ...
- {- _" Y5 C/ X; L. R2 { `% o9 I q# M/ I& a: ~5 J0 ZBut 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%