% }* Y1 M0 O0 z1 s! tI 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$. + g' b0 _; v; D% M$ u: {. p5 ^/ _0 y8 D5 ?
Woohoo...time to realize some profits (especially on oil and gas stocks) today! ; d+ E' F9 M1 ?: c F2 K3 ^% x' U( ]7 O& k3 B% Y. i& p
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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. * d7 ^" m( M3 B( n# F- e0 p " }$ v* E; Y2 z2 g, ZHappy 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. 1 a! ^8 _! h5 z) ?$ g; h& U/ F; x% x1 d
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 . z% `5 E, r4 y/ h+ Y1 @Right on! % e! m" Z) ?) r1 o: s I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 7 _) a5 {+ E2 d. a6 `7 N; u: S/ q- ^& x& |1 J
RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
: f3 u% v9 V7 ^$ k9 L) rAre you kidding? 1 v D. M K' Z, x+ }
9 l/ G0 X1 J+ `' BRMB 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 ...
( }9 U8 ~# R/ k # g6 \0 e+ E6 Z# M5 m% IBut 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%