re: Oil stocks...are you buying?

Could very well be true, but not something I use in my decision making process. Fundamentally, unless things get much, much worse, or there is a technological advance rendering oil worthless, CVZ isn't going anywhere. This can't be said about all major oil companies, and especially the ones without downstream operations. Although this is a ways off in any event.

The tougher decision has been at what entry points, how much, and how much further down before I take a really large position. Large relative to dollar amount, and as a percentage of other assets I own. I am unique though. I don't consider my primary residence to really be an asset, and if it was, it's probably last on the list in terms of the above criteria.

Not that anyone cares, but I've been considering a lot of the big picture philosophies in both Rich Dad - Poor Dad, and The Millionaire Next Door. I've also studied the counterpoints to both of these books, and the one has many valid criticisms by legitimate experts. The items that I incorporate, and I'd like to incorporate more, are not being income rich, actually income being a very low consideration, and not buying things, but experiences. Investing in items that produce both income and appreciation. Being able to take well thought out risks due to surplus capital because of this. So I've never bought a new car. Probably never will. Don't have a fancy home, and unless forced to by a spouse, likely never will. On the flip side of this, in my case, it allows me to take a position in a stock like CVX, with virtually no worry.