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What are YOU investing in???
- Thread starter BostonDomainer
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When oil was $10 a barrel in the late 90's, that was the time to pile into oil stocks, wait, and make a killing.
I don't know how low oil will go this time, but I'm sure it will be higher than low 40's in the future some time again.
When everyone else is scared and stocks are bottoming out, that's the time to pick through and find the good ones, go all-in, and wait. Or else you'll be looking back and wondering why you didn't when markets recover.
I don't know how low oil will go this time, but I'm sure it will be higher than low 40's in the future some time again.
When everyone else is scared and stocks are bottoming out, that's the time to pick through and find the good ones, go all-in, and wait. Or else you'll be looking back and wondering why you didn't when markets recover.
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Priceless!
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I have very little fear at all about treading back into the Canadian Oil Trusts. But two things:
I need to look closely at new laws regarding foreign investors enacted by the Canadian Gov.
And timing.
I have little doubt that oil stocks will go a tad lower and of course go back up in due time.
You have to develop almost three strategies for short, med, and long term
Call it the 1 year, 3 year, and 5+ year plan. And pick stocks accordingly.
I would not have the patience for day trading but I know someone who does and she (yes she) has always made a killing. Her penchant is for shorting stocks. Her timing is incredible. Actually retired at age 42 but re-entered medical sector when her 16 year old son was accepted to Yale.
What a ride that must have been.
I need to look closely at new laws regarding foreign investors enacted by the Canadian Gov.
And timing.
I have little doubt that oil stocks will go a tad lower and of course go back up in due time.
You have to develop almost three strategies for short, med, and long term
Call it the 1 year, 3 year, and 5+ year plan. And pick stocks accordingly.
I would not have the patience for day trading but I know someone who does and she (yes she) has always made a killing. Her penchant is for shorting stocks. Her timing is incredible. Actually retired at age 42 but re-entered medical sector when her 16 year old son was accepted to Yale.
What a ride that must have been.
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