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Started By
Message
Good ETF for Oil?
Posted on 3/2/15 at 11:59 am
Posted on 3/2/15 at 11:59 am
I hav ea bout 50K I would like to invest in oil with the gas prices where they are today. I think oil should could back up some time during the summer as it always does.
I have never invested in an ETF or oil I have always just put my money into stocks, other than my 401 K which is in a mutual fund.
Any suggestions would be greatly appreciated.
I have never invested in an ETF or oil I have always just put my money into stocks, other than my 401 K which is in a mutual fund.
Any suggestions would be greatly appreciated.
8
Posted on 3/2/15 at 12:28 pm to BamaScoop
XLE.
Posted on 3/2/15 at 12:41 pm to STLhog
Thank you.
Posted on 3/2/15 at 12:45 pm to BamaScoop
UWTI if you have some serious cajones.
Posted on 3/2/15 at 12:50 pm to BamaScoop
UCO is another.
ETA: it's leveraged 2x
ETA: it's leveraged 2x
This post was edited on 3/2/15 at 12:51 pm
Posted on 3/2/15 at 1:06 pm to STLhog
XLE doesn't look like it has moved much with this decline in oil prices.
Posted on 3/2/15 at 1:11 pm to Douglas Quaid
UWTI - why huge cajones for this one. Is it about to go out of business or something? The price looks pretty cheap at $2.89 and it was around $9.00 in December.
You would think this one is following the oil prices more accurately than the one that is not moving much at all in the decline of oil per barrel.
You would think this one is following the oil prices more accurately than the one that is not moving much at all in the decline of oil per barrel.
Posted on 3/2/15 at 1:14 pm to BamaScoop
Because it is levered at 3X and is probably subject to long-term decay.
Posted on 3/2/15 at 1:34 pm to BamaScoop
If you're looking to hold on to something until end of summer, I would highly recommend not buying an ETF. The fees are going to kill any potential gains you might have. They're not meant to be held that long term.
Take it from someone who's lost and learned.
Take it from someone who's lost and learned.
Posted on 3/2/15 at 1:42 pm to Projectpat
quote:
If you're looking to hold on to something until end of summer, I would highly recommend not buying an ETF. The fees are going to kill any potential gains you might have. They're not meant to be held that long term.
Take it from someone who's lost and learned.
If he bought and sold one time the fee would be a lot less than a mutual fund.
If he's spending 50k, mutual fund would take a percentage of that where as buying the shares and seeling the shares of an ETF would only cost $10-$20 if he executed once and bought a single ETF.
Posted on 3/2/15 at 1:46 pm to BamaScoop
I like XES
down almost 50% since last year
very low fees
solid portfolio
"The SPDR® S&P® Oil & Gas Equipment & Services ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P® Oil & Gas Equipment & Services Select Industry® Index."
down almost 50% since last year
very low fees
solid portfolio
"The SPDR® S&P® Oil & Gas Equipment & Services ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P® Oil & Gas Equipment & Services Select Industry® Index."
Posted on 3/2/15 at 1:52 pm to Ole War Skule
EXXI
Up 29% since feb 3rd
Up 29% since feb 3rd
Posted on 3/2/15 at 1:59 pm to BBJ
RYE
Posted on 3/2/15 at 2:15 pm to Projectpat
quote:It costs less than $20 to buy & sell an ETF & you can get them for free depending on which site you use; I think you're confused.
If you're looking to hold on to something until end of summer, I would highly recommend not buying an ETF. The fees are going to kill any potential gains you might have. They're not meant to be held that long term.
Take it from someone who's lost and learned.
Posted on 3/2/15 at 2:18 pm to Projectpat
quote:
If you're looking to hold on to something until end of summer, I would highly recommend not buying an ETF. The fees are going to kill any potential gains you might have. They're not meant to be held that long term.
ETFs generally have very low fees and are designed to be traded or held for very long terms.
You may be thinking of leveraged ETFs based on futures contracts like UGAZ.
This post was edited on 3/2/15 at 3:26 pm
Posted on 3/2/15 at 2:26 pm to Douglas Quaid
I bought UWTI at $3.16 today. Needless to say it is not looking good. You have to have balls to ride the leveraged ETFs for sure. Not sure how much of this I can stomach. XLE might be the way to go....just invest and forget it for a few months. This day trading of ETFs is not for the faint hearted.
Posted on 3/2/15 at 2:43 pm to Ole War Skule
quote:
You may be thinking of leveraged ETFs based on futures contracts
Correct, this is what I was referring to. I saw UCO and UWTI being discussed.
Posted on 3/2/15 at 4:13 pm to Douglas Quaid
quote:
UWTI if you have some serious cajones.
Posted on 3/2/15 at 7:57 pm to BamaScoop
DBO for a safer play.
Posted on 3/3/15 at 6:14 am to BamaScoop
Are you looking for an eta that tracks oil or the oil companies?
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