wouldn't now be a good time to buy gasoline co. stock since it's low? I can wait it out on selling it.
buying gasoline co. stock...
- Thread starter daves66nova
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Refiners have taken a big haircut.
so yes or no? I can wait it out till the prices go back up.
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dave, I'd say that if you're asking this/these questions, with the qualifying dimensional view ..the best advice anyone could give you (and it's advice that I follow in these matters) "Go home pilgrim. There's nothing for you here."
iow,no one knows here?
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I think that no one wants to type out the "rest of the story". I run into this with VeeDub. He can't give me 10 years of economic education and savvy in Campbell soup condensed form. It's one of those "Well, if you don't know ..I'm certainly not going to tell you" type things ..but it's more for your own protection.
If you've got money to burn (invest), you should be applying that to being 100% debt free.
If you've got money to burn (invest), you should be applying that to being 100% debt free.
I own refiners, servicers. If I absolutely knew, I wouldn't be wasting my time here.
Originally Posted By: daves66nova
iow,no one knows here?
I won't be buying any petroleum co. stocks for the foreseeable future. Too many speculators manipulating the energy markets.
iow,no one knows here?
I won't be buying any petroleum co. stocks for the foreseeable future. Too many speculators manipulating the energy markets.
Dave,
As Gary mentioned, reduce your debt load as much as possible. That means zero out the plastic. Also, have an emergency fund of 3-5 months of expenses, minimum.
Once you've done that, I recommend Exxon-Mobil (XOM) and Conoco-Phillips (COP). Once you've got your fill of that, you might consider investing in the "oil industry spectrum" with Fidelity Select Energy (FSENX) or a similar fund.
If you don't mind the roller coaster ride, you'll do fine if you think long term.
As Gary mentioned, reduce your debt load as much as possible. That means zero out the plastic. Also, have an emergency fund of 3-5 months of expenses, minimum.
Once you've done that, I recommend Exxon-Mobil (XOM) and Conoco-Phillips (COP). Once you've got your fill of that, you might consider investing in the "oil industry spectrum" with Fidelity Select Energy (FSENX) or a similar fund.
If you don't mind the roller coaster ride, you'll do fine if you think long term.
ok, this is money from my 3 y.o.'s acct so it can ride the roller coaster for a long time.As far as debt, i only have 1,100 in debt,no house payments,no car payments.
Well, if you're gonna rob that three year old's piggy bank to invest in oil related stocks, do it now while the price is low.
Once it begins moving upward, it might take more than a piggy bank to buy those stocks! Good luck.
P.S. did you break it to the three year old as to where you're investing "his" or "her" money?
Once it begins moving upward, it might take more than a piggy bank to buy those stocks! Good luck.
P.S. did you break it to the three year old as to where you're investing "his" or "her" money?
they don't even know it's there.I have around 3,500 in it.
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