Right on! 2 O! ?3 R( c8 F9 S& O* X # G/ O6 P- W& b7 VI 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$. & |2 ~1 e# P5 @2 D( M' k( ?4 G N- K7 c1 ^
Woohoo...time to realize some profits (especially on oil and gas stocks) today! 0 }5 K, C) R' u n$ K7 j , h* U% e; _2 E, T4 p2 D3 d! UAn 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. h+ z2 C" G1 ~4 u9 i- C9 }8 [7 K
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. / S& n! \" T" J* q9 { * Q) j5 k* C# e8 q; [' ^GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 Q3 M4 y3 ~' J, DRight on! % y8 A: x# C, ? l3 O
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
! v% l6 d, ]3 o% f8 _& K6 S: D! ?: ] Y# ?6 F8 @( t' L$ u# |; GAre you kidding? 5 J' a, r2 e% A+ P # L! R3 V9 m1 ~% I9 o5 S r3 P9 GRMB 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.
) h1 C7 y& a: ~$ s6 v0 G7 E! 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 ...
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4 ~2 |" c* R# n8 t; N( ]5 C* `. |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%