Right on! + m6 N. o- ~7 v; ]" |2 l! ? * V+ W& j: l% f0 t; Q3 P0 a! e8 dI 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$. ) v; v/ @ R+ Q& j1 ?4 q3 X( j 6 c9 B4 |1 h' @' T6 @* oWoohoo...time to realize some profits (especially on oil and gas stocks) today!6 X3 r* L9 \7 n6 B" P
$ Z. C) l: R/ b$ ]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.1 W n# O4 H; t" U6 m* {
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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. % A5 s, o2 r7 ]' |( v% u
原帖由 MiliCat 于 2007-9-18 13:06 发表 , q- W( u/ f& i& o) I" h+ `Right on! , G t' Q* q( ]8 h/ x
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? # D- f% ?4 s& B8 i$ @$ {; E, W7 a % j: v. n' V0 \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 9 H( T( x* o6 F
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8 \- Q8 u: R- h! m& o4 n0 {6 z" e; l# GAre you kidding? 1 @4 g9 A$ W) F; ?0 Q6 ?4 L3 Q. d
- b* I; d7 }% E3 yRMB 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 ...
( {% S: f2 U3 r: R# P6 w 4 v4 a$ J" z7 ?5 a+ f2 k! pBut 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%