Right on! 1 Q; Q& z* k4 p) P- m7 v v w; P4 T
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$. ' F! j& q* s$ P/ u8 A$ A( X( R/ Y0 H& |
Woohoo...time to realize some profits (especially on oil and gas stocks) today!2 `8 f& w2 e. q- n/ [% A5 a9 N
6 e. k' P0 L' @6 j* tAn 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. * W0 Y) A7 e) y 7 N2 u% j% X' y, JHappy 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. 9 F; D) J% ^ ?2 e+ T3 d) u % T b, C- j% G7 JGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 $ r. g8 H5 C( S5 X2 w- }
Right on! . `3 b2 Z# m& p- Q4 \. e I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? , W9 K$ N+ I. t6 m7 K' T$ d: v' M* @) P8 |$ ^; S" t. Q" i
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 " u$ r0 @+ v; V , Z+ i% }* S! X. H/ D, ` 7 D1 v' A6 L4 n' qAre you kidding? / ~+ x. l, U. G4 I5 x9 ] L+ l) R8 D" y8 U: D6 i
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 ...
+ n" U# Z+ z/ Q5 ^# X n! ~% D, [9 w / l* I+ W8 `1 g4 J9 ~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%