Right on! $ ~" m" z6 k( ^: f. m
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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$. % j V9 u) ]* w/ c: }: G) w4 U9 p( G
Woohoo...time to realize some profits (especially on oil and gas stocks) today!, ~- K4 f( k3 W1 Q
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An option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. , H2 _' q( q9 J y8 [3 i6 C6 v! W7 h1 S8 a8 C
Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. , o$ v; k5 c$ r) X9 V6 ^2 D
原帖由 MiliCat 于 2007-9-18 13:06 发表 5 @4 r, f$ S* l6 Y+ F5 x* s( L- h
Right on! 1 x4 [3 ]7 G+ U/ i+ k9 F0 k2 G 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? ' `& F9 {0 B8 R6 B' T% u0 ?) ~
( h( w/ ]4 O5 b0 {5 ^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. \! ? Q" L+ d8 b. ^
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Are you kidding? & i! K+ ?& v1 l8 W
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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 canno ...
3 Q2 U* K( ~1 O2 a& b, o. z 4 R1 p; a- x' b7 J3 e0 ~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%