Right on! ( w' I! m6 `! W9 y! D2 u7 _
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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$. ! e9 k8 O% O- V" {0 o. I) P# | 7 o4 q% c5 ^2 O! \& `( w1 M. jWoohoo...time to realize some profits (especially on oil and gas stocks) today! # x' i- l2 g4 @9 Y% c! e9 ^/ p9 V5 d
An option for diversifying away US$ 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 W6 H/ {7 o3 _( N1 p ( L7 `: ]0 e* C" j5 J8 K& j- y7 yHappy 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. 5 a- i5 v3 C% q: f6 M& _ $ o+ [ _& ? }2 T, ZGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 4 x% z! ~, s" c. ~4 v
Right on! / n) Z; u$ R4 @5 i 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.
/ b6 ?) @* D/ O y* X* [ $ v9 F! `0 t& oAre you kidding? 2 Q) v- H( c5 q0 `8 q# R. A+ q& R6 m! k7 d" @$ ]
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.
, t% Z2 d4 S! g6 T% _Are you kidding? 6 s5 ]6 q8 D* K5 l( D! ^' E) K' \3 ^! O2 r. f$ z
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%