Right on! 9 }! R+ z, t" h % K$ z# x( {+ |4 T' _" P' Y' ]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$. $ r8 t- ] V0 {* ~( ~3 ] q 2 z* n1 e$ O8 o& HWoohoo...time to realize some profits (especially on oil and gas stocks) today! |; P4 m9 E T+ t! j7 b& x
" a7 Q+ f& F0 }5 D! V. m9 uAn 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. # B8 \# [1 V& c! T+ X- l" w4 l. C+ ^5 T
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. ' l/ U, ~: c3 c; c! l4 m9 ^* P- R% h9 i2 j9 S6 A7 H9 `1 A% n
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 , m8 ~" k6 M0 i( s' Q8 LRight on! ! M# |# w3 ~& K9 e 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.
" B! b, _; g5 ^8 Z( }2 K" U, ? ' s* P( T; h4 l j3 ^Are you kidding? 0 w; G6 d( g4 q) `: z3 `
. ]4 ~7 v, e; b' ZRMB 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? 6 I4 a& I; \" ?3 x! x! Z0 k/ }
$ p" v0 K {& B) `' n1 p1 wRMB 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%