1 W( P/ \6 X" Q" |* L0 a7 pI 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$. ! @$ d, O5 Z' B1 k" p4 I4 p3 ]/ x* X* Q1 g- R9 u3 `
Woohoo...time to realize some profits (especially on oil and gas stocks) today!. ?8 l4 |3 y. S( R
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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.; \& C5 X2 y; i' V S
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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. l5 H, L2 t* r( x0 _
原帖由 MiliCat 于 2007-9-18 13:06 发表 ) e% r3 g3 @& u" o( Y/ \: fRight on! ) R7 w% F1 l) U% W 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.
$ x# M( y: A ^7 ]5 ^+ Q9 C9 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 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 ) W) m) J9 |* `' Y; H' F2 d. m
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Are you kidding? 8 n: \6 e$ x. \% t x2 z2 ~5 f' k: _" z
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%