! R; p/ C' O( z5 d0 E" r) P5 gI 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$.: _8 C( O6 \4 R% d: O7 ?6 }, q
; S6 S- X! K9 \0 s5 d/ Z: @5 YWoohoo...time to realize some profits (especially on oil and gas stocks) today! 1 q, V9 q% v/ C' c: }4 g% ^; P9 J. Q5 d
An option for diversifying away US$ 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. , y* E. X- }. M ) e4 I* D7 a/ ?9 r& k6 L( Y4 {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. ; r, i1 X# p7 o& \/ V" C8 X4 G" Z7 t* x' C& C! o
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 9 u3 T% D* B, r* Y" H
Right on! ; [+ H: F; }, Q' r) L) t1 B# x I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
0 \4 E) L l. E' M9 A( N( v " \* C M; u% l8 B. {Are you kidding? 0 B- Y9 B1 k+ T1 {0 M
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RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
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Are you kidding? % I6 D7 h# o! C& |% W$ Z* K) x& v+ v5 b
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 ...
7 r3 K8 [7 O/ T$ s $ j5 Z$ |- N3 e( p4 c& a3 aBut 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%