Sunday, March 09, 2008

US Oil

Stock tip?  I don't know much about making money on the stock market.  In fact, I'm very concerned that stocks may not provide good returns in the next 20 years (which will the biggest money-making years for me).  But I'm pretty sure that oil prices should only trend upward in the future.  Because of this, I bought the US oil ETF in 2006 (when it was trading at $54; abbreviation is USO).  I was dismayed when it quickly dipped down to about $45 shortly thereafter, but since then, I've been quite happy with it.  If any of you have good tips for me, please inform me.  I don't own any other stocks except for a little bit of Microsoft.  I do have plenty of mutual funds though.