Right on! % v5 U0 Y! ~5 ]) |% Y5 s; z4 B" ~" e; g( r& p) p
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$. & |: s9 s3 u$ _ h+ l1 Y9 [1 }9 Z9 bWoohoo...time to realize some profits (especially on oil and gas stocks) today!* o0 L4 m0 \% n O8 _" X
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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.: d. b6 ^" w& t
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 v8 s' O6 ~; ?) N9 L# ^ & d& M6 Y* Y( d& PGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 $ y/ y4 z8 J: X+ ?Right on! , V& L0 c4 ?5 f4 p8 U. |
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
6 ~- R9 j( [! W+ x % b0 X2 V* j$ Z+ }1 KAre you kidding? * b8 _$ D: S K; M9 p# X / P. m0 X/ e* m& ^) 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 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 / C0 Y% [* F1 C3 s' M9 U" e
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Are you kidding? : q: A' _0 l3 |8 ?/ _" Y * V8 g: s! T# l! U5 W% k$ {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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$ M' T. w5 M2 K6 q' X8 g+ 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%