* ?. ?$ N+ q* v7 d% rI 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$. + [0 j F0 L3 f 5 y! t$ Y. [' aWoohoo...time to realize some profits (especially on oil and gas stocks) today!6 x) N: X7 C( I8 S5 @
1 C! v4 i$ |1 @- b/ p7 WAn 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. ; M. [+ f0 f; t5 |" L6 A % \5 ^- b: S# JHappy 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. A+ \: K: f# V8 F8 w% z
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 + Z& v. l1 n1 D* a, B1 rRight on! 8 E4 `, @) t3 @ I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? 3 n3 T& m! K! V5 y8 f8 Z3 o/ p* N% |$ [: a
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.
0 w, F ^" ^2 d+ o) n- j3 C8 ]! E) XAre you kidding? " }4 `* O4 y+ R( ]$ i1 a1 o2 I; 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 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%