The price of OIL Has dropped significantly in the past year and has yet to see a bottom, currently hovering around $48/barrel. Some think it will go as low as $30/barrel but time will tell. With OPEC not letting up on production its only a mater of time when they decide to reduce production and prices begin to rise.
With that said, some may find individual energy plays to look at such as XOM - EXXON CVX - Chevron or oil drillers. Why not look at buying into an Energy ETF Such as VDE -Vanguard Energy Index Fund ETF Shares and ride them all. I feel building a position in VDE while the prices are low would be a great decision, as yields increase for dividends (which also protects downside) and stock prices getting cheaper who wouldn't salivate at this opportunity.
VDE - Vanguard Energy Index Fund ETF Shares
Top 10 Holdings (62.01% of Total Assets) |
---|
|
Build a position, dollar cost average in and collect dividends while you wait!
More to come..
No comments :
Post a Comment