OUCH...that is all.
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Originally posted by J_Foster View PostI like these as part of my longer term portion of an account. There are many solid and profitable companies out there that have yet to return to even 50% of their Pre-Covid 3-5year averages. Lots in the Oil/Gas sector that I like with nice dividends to boot!
GEL - Genesis Energy, L.P.
PAA - Plains All American Pipeline, L.P
NS - NuStar Energy L.P.
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Certainly so. The Biden administration surely doesn't seem very friendly to us. It's gonna be painful on the back of the pandemic in addition to his increased taxes on us lower-middle class folks.
My livelihood currently depends on Oil & Gas. Seems all industries have fallen in and out of favor through recent history. I've been fortunate enough to recognize early on and tried to get myself really well diversified over the past 20 years. With interest rates at an all time low, I just need to add some type of real-estate this year.
I set aside a small bonus back in 2015 for short term, growth/speculative investing. The money was earmarked solely for use to learn more about trading and the stock market in general. If I had lost it, I would just chalk it up to an expensive education. I've been blessed to able to grow the account year over year and it now represents about 1/5 of my retirement/ savings.
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Originally posted by solocam_aggie View PostNo concern over the new administration and Oil and Gas?
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Originally posted by trozy55 View PostPrice of oil is already going up as new restrictions have been put in place. IMO dems are good for oil and gas as they drive the prices way up. Wouldn't surprise me to see $70 a barrel again. Price of oil has to be high in order for a need of any new green energy! Who wants EVs if price of gas is below $1.50 a gallon, we will see $3 at the pump by summer.
Originally posted by TheHammer View PostIs anyone buying Tesla? I own some but keep telling myself I’m, “waiting for the dip.” But I’ve missed substantial growth by waiting on another dip. Thinking about doubling down on it.
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Originally posted by gingib View PostMy question would be: Why the ETF's for stock trading?
I would rather pick one EV company then a market weighted index of EV companies. Or am I looking at Stocks wrong in this regard.
i am looking to put some money in the EV sector as a long term play. figured ETF was safer than an individual stock. May not rise or fall as fast as an individual stock.
And...I could very well change my mind down the road depending performance.
Also looking at weed plays as it looks to be legalized...or at least discussed.
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Originally posted by Huntindad View PostI don't think there is a right or wrong way in this regard.
i am looking to put some money in the EV sector as a long term play. figured ETF was safer than an individual stock. May not rise or fall as fast as an individual stock.
And...I could very well change my mind down the road depending performance.
Also looking at weed plays as it looks to be legalized...or at least discussed.
Want to keep investing in EV and Weed also bc of dimbo in office
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The majors have most to gain from rising oil as their production is all over the world and will be harmed less by whatever environmental regulations are imposed. I’ve allocated some capital towards Canadian oil producers. Some sort of pipeline being built from Alberta to the Pacific that will allow export to the Asian market. Am still long marathon, but will likely cut my position back if it makes another run up to $8.50
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Originally posted by bmac View PostI’ve been guilty of selling early and too late. I need to actually look at placing trailing stop losses in or checking my fun money investments daily more often. I have had multiple times where a company has bounced right to my target gains and I have failed to sell and take my earnings (greed) and then it rebounds and sometimes never returns to those levels for months or years. I agree with others though as some stocks I was looking at the 3-5yr pre Covid averages to see potential of what they could bounce back to if they do.
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