When oil crashed 18 months ago, I decided to invest heavily in the oil market and wait out all the short-term volatility because I figured the rebound was imminent.
I told myself to stick to my long-term plan and not react rashly to any shortterm ups and downs. It's hard to tell now, in the middle of it all, whether or not I should stick to my plan or if I am being stubborn. What do you think?
Short term volatility - onset of US shale, OPEC agreements, Chinese investment, Russia cutbacks (or lack of)
I own a lot of US oil/energy funds and companies. Namely, USO, XOP, VDE, ERF, ECA,ETE.
Appreciate your input, in advance. If you are strongly tied to the industry or have spent considerable time researching it, please include that. Important to know how heavily I should weigh user input.
Submitted June 01, 2017 at 10:54AM by hboms http://ift.tt/2rIQPub
