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Since oil is down I'm thinking this might be a good time to stock up on oil ETFs. Sooner or later there will be a new oil crisis and it should pay off. Since europe is much more dependent on hostile countries I imagine it will be hardest hit, as usual.
Do you guys know any oil-related ETFs that might moon in that case? Maybe related to Brent princes? Those I know of (UCO, OIL, USO) all seem to be mostly tied to US oil prices/production.
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>>1986557
*Brent prices, not princes. Though the idea is amusing.
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Im also interested in etfs. But more thinking about gold/ US or AUS. Im unfamiliar with etfs in general tho. Any info on how to get started?
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>>1986557
oil is a sinking ship in the long term, that's not to say you can't make money, but i'd avoid like the plague.
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>>1986557
I won't shill anything specific, but you might be interested in an ETF of MLPs. I use one to basically print cash which I use to buy more interesting things.
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>>1986557
Oil is down when it's under $25. Be careful taking long term long positions over $50
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>Looking for the best vanguard etf to buy into
>Hold beliefs similar to >>1986987 that oil is becoming more and more obselete
>Alternative energy funds haven't done as well as VOO and VTIX
So should I not worry about it and hope that Xom does what Berkshire Hathaway did and used their capital to move into new sectors when the oil becomes unprofitable?
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