Right on! 0 M, L( j [6 Y5 Z( d 3 r: [4 _9 |$ y" I# 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$. 9 D+ Y+ V h! t+ D0 ]" I9 E5 _7 Z' x; ^* Z$ q4 Z
Woohoo...time to realize some profits (especially on oil and gas stocks) today! # W) ~/ T3 i0 l3 w6 G 1 p% u0 O. p, M8 X0 \+ Q: SAn 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. $ ~( j' f( f9 |* Q; p- |0 h, f# }+ S3 w9 G4 P/ B6 {
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- x* K- B2 i. A6 y$ P( F- U! n. G# ]! r8 q7 A
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 9 W5 t) M! `( p1 Z. i$ F% `Right on! 7 o8 {' V L$ {- c% _( o$ ^ 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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7 g" l" L7 _: l9 Z& \5 wAre you kidding? # t2 N8 q% m. k5 s
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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.
原帖由 Z 于 2007-9-18 14:16 发表 " D w" s& w% P! l/ V& t) `5 A/ _1 P( |8 i; ~
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Are you kidding? 6 |3 L" a* D& \9 j- w& t) e" x4 O
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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 ...
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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%