Investing Strategies. What is your move?
- Thread starter PimTac
- Start date
You asked me a question. I gave you my answer.
You disagreed with my inflation cause comment. Fair enough; I am only interested in your reasons.
Perhaps it is better if we end this as it is going nowhere productive.
Unfortunately you are 100000000% correct, the crazy spending needs to stop !!!!!
Completely bonkers to drain oil from the Strategic Reserve and send it overseas.
Supposed bottlenecks in supply and loose and too much gov spending in many countries got us here. Nothing posted here disproves this.
One person is defensive of gov overspending.
Raising rates will stifle a strangely imbalanced economy, but OK.
One person is defensive of gov overspending.
Raising rates will stifle a strangely imbalanced economy, but OK.
Stay limber my friends.
Canada could produce much more oil from the Oil Sands but it has limited means to get it to market. Building additional pipelines to refineries in Eastern Canada, and to tidewater, and overland between Canada and the US has been blocked.
Oil companies closed 5 refineries during covid and have no plans to reopen them. Just in the last 7 years east coast has closed half of their refineries down to 7. The refineries are at capacity.
https://www.google.com/url?q=https:...IQFnoECAoQAg&usg=AOvVaw1p_4M3JGnmkpwoTEll3mro
The current political climate, policies, regulations are anti fossil fuels. Thus, no fossil fuel businessman, CEO, Board of Directors, banker, etc is gonna invest/re-invest in the fossil fuel business/industry until things change. In the meantime, they'll pay off debt (what a concept), buy back stock, and pay dividends, instead of reinvesting it, which is what they would prefer to do with it.
Miners are in the same boat.
Miners are in the same boat.
I just bought an ibond, the max allowable ($10,000) something everyone should do if you can tie up the $ for at least a year (can't withdraw it) and they take 3 months interest away before 5 years if you make a withdrawal but even so you still win vs. other cash vehicles such as savings or a CD.
In 2001 I bought a $5000 one and in 2006 another one for 5K.
I just looked up their values: The 2001 is worth $16,174 (11,174 int.).
The 2006 one is worth $8,366 (int. 3,366).
No more though as I'm aging out for the time frame.
In 2001 I bought a $5000 one and in 2006 another one for 5K.
I just looked up their values: The 2001 is worth $16,174 (11,174 int.).
The 2006 one is worth $8,366 (int. 3,366).
No more though as I'm aging out for the time frame.
Happy Days are Here Again.
Oil hits $120 a barrel.
https://www.cnbc.com/2022/06/06/oil-markets-saudi-arabia-crude-price-hike.html
Oil hits $120 a barrel.
https://www.cnbc.com/2022/06/06/oil-markets-saudi-arabia-crude-price-hike.html
Stansberry Research sent me the following about I-Bonds a while back:
"If you've never heard of them, you're not alone. Created in 1998 by the U.S. government, these bonds offer savers a way to stash their savings, earn a decent yield, and remain protected from inflation.
Stansberry Research partner and Income Intelligence editor Dr. David "Doc" Eifrig brought these bonds to people's attention earlier this year, as a free pick in one of our video presentations...
The yield on I-bonds tracks the official CPI number, which hit a record high last month, and is updated twice a year based on what the reading was the month before. The yield also takes into account a fixed rate that it blends with an inflation-adjusted rate.
All in all, starting this month, I-bonds are yielding a whopping 9.62%. That's hard to come by anywhere else, especially with little risk, and it's by far the highest I-bond yield on record.
a few important details... Because of the generous rate, the most you can buy of I-bonds is $10,000 per year... and you can't redeem these bonds for 12 months.
Still, that comes out to a roughly $1,000 return... Plus you can buy up to $5,000 more with your tax refund. They are also not subject to local taxes... So you don't have to worry about your money being used to offset someone else's state tax break.
You can buy these bonds directly through the Treasury Department's website. You'll just need to set up an account at treasurydirect.gov. It's a refreshingly simple process.
That return is good and the money is nothing to sneeze at, but still. The limit should be $100K or something more worth it.,
I'm not exactly saying it's not worth the hassle, but......and I probably should do it.
I'm not exactly saying it's not worth the hassle, but......and I probably should do it.
I’m not totally familiar with the rules on these. Would the purchasing restriction apply to each person? So if married your spouse could buy $10k as well?
Yes.
Yes and somehow $2K more. There is a youtube vid somewhere
BOIL (2X natural gas) up 19% today.
I’ve got a little money in energy, oil and natural gas. All 3 are up nicely YTD.
Yeah, supply is down, and wait till it gets hot (July August) and the utility co's start using a lot MORE natural gas to make electricity for us, and next winter too.
Last week, our rulers in their infinite wisdom, passed some more (EPA) rules that make it more difficult and costly to build infastructure (pipelines) to get product to market.
Last edited:
Similar threads
