' m, A5 Q) _/ o/ j) |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$.% f2 C% L5 S8 {% G/ D
1 ]" ~9 x# P% EWoohoo...time to realize some profits (especially on oil and gas stocks) today!: d8 {& J1 W. Z$ N/ D2 Z# A
0 \9 }! l- r3 V: l+ 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.+ W- C% s' U9 w+ Q
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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. ' }5 v+ A) c! h8 {4 T
原帖由 MiliCat 于 2007-9-18 13:06 发表 $ q- |7 I. H* k- rRight on! 6 J/ k$ g) G# ?! b3 X
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 2 \' k0 b* Z9 a2 c! H! i/ N! [ 7 O" y7 o' h2 }+ V/ MRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
4 `+ W9 P. ?3 V7 P1 I7 k8 Q ! y) l7 N5 T* Q" _, sAre you kidding? & i+ p6 \. S( z# T/ D & r1 e4 d! x6 v9 t7 K% ], u' DRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB canno ...
0 g: v8 [2 I% v 0 v! ^( b8 ~$ A' V [9 R' }' MBut 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%