Right on! 3 r$ H$ a! H/ m, V$ q( n
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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$., y5 ~- k+ e* C, T# \
5 g% e, l/ }: w* ?Woohoo...time to realize some profits (especially on oil and gas stocks) today!& _$ o6 r' y" t
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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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. ' [2 k$ \7 X2 P" e+ Z/ ?/ ?0 G- d& ~0 R B8 w* C7 c" X
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. . i( D; Q' M# X0 h- V/ y& X8 x9 {
原帖由 MiliCat 于 2007-9-18 13:06 发表 ' M. k: w/ Q# [* v* xRight on! / P" v7 |3 {& m9 C4 s* E+ V- [, @
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.
0 k7 [; z9 }: v6 F/ X, _ * |! ?/ R, q) u2 ~" [# t [, T2 cAre you kidding? 5 t- \( h* n! `2 e0 U3 M% z8 T u D, x
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 z) Z0 H _2 k4 N$ \% F7 t# D; v' [2 [" g
: \& ]$ ~% O( t# k/ cAre you kidding? 7 C; j2 B% e" z) W* X6 E+ U, x; z( n0 C. p! e
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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5 ^# E& m) ?2 G2 \% Z' 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%