, E f( F Y' X/ K, D) nI 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$.( x1 \, d! I% s5 M7 O
+ N6 j4 I$ [5 O/ j1 c' O w% f
Woohoo...time to realize some profits (especially on oil and gas stocks) today! 2 a. Z. Y' L- F6 H+ P- A : l. [' Y/ o& @/ R9 x% G; X& eAn 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. ( `! Q- r& J9 L/ k ( C( j4 R9 s$ E% \5 D+ |# eHappy 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. 7 @& B4 l; S* `; d5 Y
, K+ g% x ^! v- ^3 i; r
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 * t/ E" ]5 c6 q7 M4 `4 }- ]- K* wRight on! ! I) d; J5 o3 S# F: Q6 Z3 w4 ?2 H I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
- {# E5 x2 s8 Z7 Z' Z, M6 g6 O. C) R! W* S c
Are you kidding? ! n' O- X) u f& ?8 V @! b
! a# x5 e9 I, g, [4 }3 W+ s
RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 1 v7 {! i( p% R' C6 M* h
: q! J% J, n9 R' m# e
2 d/ \0 Z2 [8 b) ?) {$ P7 jAre you kidding? 3 K1 m7 W. B+ h3 S, A
$ H+ A) ^" g7 CRMB 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 ...
* i# \5 c7 f6 ?
( q; m4 a$ K9 v3 j1 q& N! w% b( S
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%