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Ok. So let's say I believe in this, with the implication that oil prices in the future are likely to go up. Any investment advice? How can one - say a UK taxpay
by neoplatonian 7y ago
Ok. So let's say I believe in this, with the implication that oil prices in the future are likely to go up. Any investment advice? How can one - say a UK taxpayer - profit off of this investment thesis?
- Enginerrrd 7y agoStay the f away from USO, which was supposed to track the price of oil as an ETF, but is in fact kind of a scam.
- shiftpgdn 7y agoHow on Earth is USO a scam? It's an ETF.
- matwood 7y agoNot advice, but you can trade oil futures and options if you have belief in your thesis.
- SimonPStevens 7y agoExcept, if other people already have the same belief, won't it will already be priced into any oil futures prices. So that only works if it's a belief you hold, but you also think that others believe the opposite.
- dagw 7y agoWith futures and options you have to be right about both direction and timing. If you trade on the belief that oil prices are going up significantly in the next 6 month, but it actually takes 8 month for the oil prices to rise significantly then you've still lost money.
- georgeecollins 7y agoAs a UK taxpayer.. buy some BP stock. It's a reasonable investment if oil prices stay the same. It pays a dividend. If Oil prices go up it should also go up in value.