Right on! ' F2 h% i* T9 T& y0 f+ P. s4 k' V8 b6 ~" ~; E
I 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$. ! Q% r* c* B: _8 {: k, R# g& a 6 S- C' Y0 v; TWoohoo...time to realize some profits (especially on oil and gas stocks) today! 8 L6 g% j$ S& z6 {9 I! C 2 u& |; K- b: V% ?7 s* p$ WAn 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. " T5 B. d: Q6 q8 k: H7 z! `6 }- T: {' a! n
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. ) D! d- r) C8 z/ s
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 5 x; t: Y y/ GRight on! ( Y& f2 r4 D/ P( J2 w9 ?" Z ]" I( l I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 2 w9 [- d r$ X
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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.
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Are you kidding? , ~# {* {3 O6 h) \ 9 D5 L. t4 E/ x8 w# i: A: T" S- uRMB 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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3 A- H- m6 t5 L/ T [# K4 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%