Right on! * o# ~* l! ~/ q9 d5 F6 {. J8 t
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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$. P5 m( v2 F( ^* `1 r ` 9 \& H$ q9 v' u/ \7 `4 ` E* sWoohoo...time to realize some profits (especially on oil and gas stocks) today!3 [6 M8 P6 N: d# q- [" q
5 z* w8 ]5 m( ^5 U9 z- g( q1 MAn 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. 4 `* w( K$ ?$ j4 K7 R# p/ l/ `/ f; D# r( t; `/ l5 f6 S
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. ) s! G: |. [; h# b' d! P3 e # _# P' ^' G0 k( pGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 ! {5 t7 p/ y' t
Right on! 2 a$ r K8 G+ q0 x5 F4 w 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.
' ?1 e- V2 y6 T/ J) h" C3 ` # p0 s1 W' d* N( B7 ZAre you kidding? 0 S. m6 E. i) f- H0 ]4 ?6 p" E: `3 r7 }, A" F2 Y: h
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 $ b$ C! o( r7 U1 N. `4 c% p( n; B* G7 y; N
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Are you kidding? $ J9 l" {9 V% t+ k6 I. w& S6 T - \" h7 I8 d0 r' `: i7 p# I: lRMB 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%