Right on! ' o) i4 L* n) o \/ Z; {1 k7 @; x$ d, @$ q9 }
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$. , q' C" b P" M6 z& x' x/ Y: H' [! ~ G9 W( n8 f
Woohoo...time to realize some profits (especially on oil and gas stocks) today! ' `: x* P5 g0 I5 H$ F# g7 z 3 `$ S& R9 \0 u6 ?2 W5 S! z0 ]5 I; iAn 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.( v0 ^) u5 m! u- P8 U
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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. 3 `! b- f5 Y( C* m! L 0 H2 w1 }/ ~/ PGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 $ J: T, r; C0 J$ A, F
Right on! ) V7 m6 M5 d& Z8 R) ~
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? ! o( X3 Y+ n. M, O( O : e: L4 M4 l" a9 Y) N, X% hRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
3 _* m* [% l$ n/ Y" PRMB 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 ...
3 b; S9 r5 w9 _0 j" G4 x1 y, w 6 x* H* b& H* p" zBut 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%