N, W/ A: o+ |9 sI 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$.( J* t& H4 y3 W7 k% M* ^7 x
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Woohoo...time to realize some profits (especially on oil and gas stocks) today! . Q t: ?4 V: U: C1 X; ?: i) ?' n2 B! F, v# ~! [
An option for diversifying away US$ 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.1 t* v& g( Y/ N7 w. G0 j
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. ) w5 H8 b1 i: K! _; i0 P " R4 N+ V+ B _( Q6 P: wGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 7 M" W! I3 @5 X. F3 h h( a
Right on! 4 w) y: p% ?8 {2 J 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.
) f! y4 n7 s! f0 k! u* r% ?2 Q1 @ 2 T0 \* z8 w9 DAre you kidding? 1 X8 p. R# b2 X7 j2 X- `0 [. I7 c/ E' r- 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 5 D# A2 A( D8 O
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Are you kidding? : n+ E/ B! {% X! t0 U! }" w6 R 3 S( l6 z) A- p- P1 n0 N7 B3 {6 {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%