Submitted by Forsaken-Secret-7398 t3_zycy8p in wallstreetbets
Forsaken-Secret-7398 OP t1_j256qog wrote
Reply to comment by SidharthaGalt in Oil is not my friend by Forsaken-Secret-7398
What does your strategy look like?
changinginthebigsky t1_j25pup1 wrote
literally just buying oil etfs and holding them, nothing else.... you honestly have to be trying to lose money if your investing in (and not against) oil and somehow down ytd. check any etf. if you bought and held you'd be wildly up. maybe start there first, then move to options.
SidharthaGalt t1_j2759su wrote
Buy low, harvest dividends, hold forever. BPT requires some watching, however, as it only pays out as long as oil is above their cost of production (about $66 be barrel but expected to rise as the field is depleted). I wont live long enough to see demand for oil and gas to fall significantly.
Viewing a single comment thread. View all comments