Right on! ; I# S! F/ }8 t. U% f }2 R) Z {+ Y5 G+ N ?& 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$. / [/ k* r) G9 D8 }1 N0 A, k0 u/ O* f
Woohoo...time to realize some profits (especially on oil and gas stocks) today!6 I4 M* L. O3 `
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An option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. \/ \2 t p- H d& Z I `& H* {. rHappy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. / Q' e" ^2 E: Q$ n& I$ l% A, r
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 8 P. c- ~) ]3 h6 y8 J& v# ~: A' xRight on! 6 ]) h2 W: k5 Q1 |9 [1 i9 z/ h
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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& }3 d6 j/ B# z8 u' H/ vAre you kidding? % v( M) `7 x" _3 }& Y0 T, r! L- X. c
( _: N1 d1 P1 {4 D' e0 IRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 5 j! |* v( @2 k; o/ L& Z- D
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Are you kidding? & `- P/ {: O# j$ s! `7 u% N0 S. u+ W- Q+ M& {- y
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 ...
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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%