Right on! * D) d. S; U9 b1 M% Y& f2 G6 M. _3 `3 u, b3 ?1 r
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$. 2 m9 V! P9 L" {9 t6 a- c- | 5 D: S. f2 N$ v, o, ^) RWoohoo...time to realize some profits (especially on oil and gas stocks) today! E* q _' R% j8 s( l Z, z( @0 {- [$ a% v
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.5 E; p @8 X& ~( A! }5 |8 {
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. 0 J9 d6 H* ~/ G* P, f6 N , t+ C8 z/ G- @# d' FGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 * _: k2 g! Y7 B2 F4 L
Right on! 4 i' P1 O7 ^; @* q* A+ W6 A0 t 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.
$ A7 ?4 _- H5 ^& M0 N7 @3 {0 Q # j: N5 ?4 P" X! b AAre you kidding? 1 v( a6 \2 F* m8 _/ X' c
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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 ; A. M( D0 t7 n9 \# D* X3 u6 ~
. [1 c. E+ g$ [% d ) x2 O* G. l& H: qAre you kidding? $ c9 k; Y" |9 t$ u
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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 ...
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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%