Right on! 5 a5 p. V* _. }6 |: [ g0 ^' L5 l8 g, x2 P, ?
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$.; ]( h3 Y0 a/ O2 Q! i/ [" o+ [
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Woohoo...time to realize some profits (especially on oil and gas stocks) today!$ Z8 e3 u- R( N5 f* v% K
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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$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.- W, \. \& m: o$ e- V
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Happy 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. + m4 T$ P1 V N1 t; s ; r, M2 q: _) Q7 X+ j2 K. NGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 , ]5 s( j0 z# b' rRight on! 1 d; W# Q0 |$ e4 i7 c I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
, o9 n1 h0 Z% |' L% p 6 a! e0 x/ R0 Y- {# X8 I3 S" @9 f0 TAre you kidding? / s# v! m* w) ]$ _' h$ A 2 |* w4 o% U: W8 @6 i1 CRMB 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.
) y* Z; Y K, \% u+ o4 E8 F0 u5 e # W7 r: m' U. w. b3 tAre you kidding? " l3 P5 j1 ^; [% c9 I , y% [" \" U( {# P3 |0 B3 u& vRMB 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%