7 I1 V. t$ z: x/ k/ `% {% J8 Z. [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$./ q, J1 |( \4 p' a& k
6 U9 _1 b: G' Z/ U/ N* WWoohoo...time to realize some profits (especially on oil and gas stocks) today!! @3 r) r. c+ M7 Y- U1 C; e
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An option for diversifying away US$ 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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.# @# J5 Z5 z3 T- P7 g5 D- }' C8 F
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. / ~% r3 K3 n# V! s8 A3 G& R3 |
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 1 z Q, E8 X/ v: I8 l' wRight on! / [, j8 F) r2 y$ }! k0 i1 n I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
5 x7 m1 m6 X3 l7 d4 C8 ]0 Y" z8 H9 L: d 8 G0 n* E J t1 h* a( ]Are you kidding? : N+ u+ n- e5 F0 }+ [0 p ; a/ p, z7 S) Y( oRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 7 r7 e; K/ E5 ~% i ; R( g6 O' @3 l2 R( k' u0 `: }& v( V- ]
Are you kidding? m8 n# `' B$ Z1 X2 u3 p
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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 canno ...
) c/ n4 i$ X" v& ? 1 @6 a' z' ]3 k+ `- PBut 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%