Right on! ; [2 L% a ]5 n " i4 D9 G y8 @5 T/ E' ~$ ZI 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$.% O; w5 p+ Q( V1 l1 n
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Woohoo...time to realize some profits (especially on oil and gas stocks) today! ( ` P4 a* _ ]" h$ p9 g% i; M$ e / n% r3 R5 d! R2 |0 W& f) z k% KAn 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.- }: a5 ~( P/ x" }4 ?/ e1 y, j% a5 Y
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. / u# j- u) j& q$ e* `) u
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 ; M# ] s' m5 }3 kRight on! # i" U" |0 F0 k. E1 i" Z I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 4 Y% k4 y; W& J \
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RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 " S8 e& J8 K' g% b1 t; c
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5 t+ |; `( F$ m: bAre you kidding? 3 ?1 _) B% C* J0 d) c) @. w/ A
! c1 ]7 ]2 `( |( k7 [; wRMB 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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4 c; ~/ n$ I; @- eBut 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%