I just started my 401k last week- put it all in a energy (oil) fund

[don954]

I contributed 80$ last week between my employer and me. I earned $9 in investment earnings, that’s 11% in 1 week. Now, this account is invested in companies that drill for Oil & refine it. I decided as long as I have to endure the crapola of Bush & Co, I might as well and make $ on it, a portion of which will be going to the DLC.. -grin-

NOW, think for a moment.

If say, I was a billionaire, and I had $1,000,000,000 in this type of fund, then I would have made $110,000,000 in one week. That my friends, is why we are in this war and the energy companies are supporting Bush.

[ironman202]

1. that's why we need a moonshot program for hydrogen

[oscar111]

2. If oil gets pricy, and "a sinking tide lowers all boats"

meaning the economy tanks in general, and the market too,

then will that sinking market drag Big Oil down with it?

Not as fast but down nevertheless?
Dont stocks have a stupid tendency to move together?
All down, or all up?

I am not saying it will , just speculating.

Money might run away from all stocks, to Treas. Bonds, or real estate, or Old Masters, or rare coins or gold bullion in swiss banks .. where else can it run if the world's stock markets tank?

I am no expert, just speculating so you can check out this dread possibility.

{my fortune is in rare ice sculptures, and is being stored in Saudi Arabia. I have a mind for finance.}.

[tritsofme]

16. If there is a recession in the US or China

Crude should take a big dive.

A recession in China would definitely drive prices lower because it would almost certaintly reduce the ever growing demand in their market.

However I'm not so sure about the US.

Oil has increased more than six fold over the past 7 years and demand has shown to be almost compleltely inelastic. Would a recession break our thirst?

But if there was a recession crude would probably drop substantially, at least initially, on expectations that demand would be decreased.

[ThoughtCriminal]

3. Invest in Human Suffering

Things that kill and hurt people should continue to be a growth market at least through the end of Bush's term. I also recommend looking at industries that profit from fear: guns, home security, locking gas caps, gas masks...

The question is, how much of your investment ends up going to the RNC? Probably not a big %, buying republicans is one of the cheapest and most profitable investments in the history of mankind. Make sure you put more into fighting the evil.

[don954]

7. Sad to say, i looked into the Arms Dealers

Like Lock-mart and such. They are not performing like Oil. I know its not the best things to be investing in, but my neo-con boss picked the funds abv to me. Its either a bunch of domestic red companies like Wall Mart, oil, or bombs. Oh ya, a bunch of Chinese funds are on it, how annoying. My other prospect is US Savings bonds, but, with the way bush is handling things, I don’t think they will be worth the paper they are written on soon. With the fund im on, its mainly middle eastern oil, and that will profit from USA or china or Europe..

So yes, im a bad person for taking the $, but I wont be drinking the kool-aid that my boss try’s to get me to try..

[ThoughtCriminal]

8. Is your employer matching your contributions? - nm

[don954]

9. yep, thats why im doing it, i put 40 in, he put 40 in, up to 3000 a year

I need the $$$, they dont pay me worth a dam...

[Jacobin]

4. You might want to diversify when your portfolio gets bigger

No trend lasts forever.

they were saying the same thing in the early 1980's...there was an oil bubble similar to the internet bubble....could only go up, can never go down. Oil was 12/bbl in 1998.

If the Asian markets hit an economic snag and demand drops precipitously, those oil stocks will tank.

When everyone says the same thing, they are usually wrong. I don't know who to attribute that quote to, but its true.

[don954]

5. I will pull out if

A. bush is kicked from office or it looks like he will be
b. The progressive (not DLC) dems manage to take back at least one branch of congress.
c. Engery starts to slide (which will be the result of A or B i think...)

[gokar]

6. I could'nt have said that any better...good post

[banana republican]

10. OIL STOCK SHOULD HAVE ALREADY PEAKED

AND THE COMING COLLAPSE OF OIL MAY HAVE ALREADY BEEN PRICED INTO THE MARKET. CHECK YOUR FACTS & BROKERS

P.S.

Q. WHY DO THEY CALL A BROKER A BROKER?

A. BECAUSE AFTER YOU CALL THEM YOU ARE BROKER.....

[Alcibiades]

11. park it in oil

The higher the price of oil, the more money oil companies make. How much higher can oil go? The sky's the limit!

I like Exxon/Mobil.

You might also want to check out Halliburton. Get in before the scandal breaks again.

[Tinoire]

12. Oil funds. DLC. What a surprising association.

As a progressive I withdrew every dime I had from my oil funds after the war started. I still track them just to torment myself about the obscene profit I would have made but you know what, the progressives I know sleep more peacefully at night knowing they're not on the Cheney Bush kill-a-Muslim bandwagon.

DLC. Oil funds. What a surprise.

====




Now you THINK for a moment.

[don954]

15. actualy i ment the DNC

The DLC are a big problem for the The Democratic Party, they are basicly neo-cons in Dem clothing...

[Tinoire]

19. Well you're partially redeemed but now on to the suffering caused

for the enrichment of a few. Is it worth it? Do you want that on your conscience? I had to dump those stocks because I kept hearing the screams of the children at night.
You MUST think about that.

Here was my portfolio. Worth a small fortune now but NO regrets.

DRQ 40.12
SLB 85.17
SII 67.92
WFT 65.42
LSS 54.63
RYVIX 36.08
FSESX 59.05
CAM 71.50
HOFF 0.42
KGC 6.52
Total ($): 86651.90 +36113.80

That's +75% in 3 years based on investment advice my deceased father gave me 10 years ago but not worth the life of a single kid in Iraq or of a single American soldier. There are other worthwhile investments. Try things like KYPH.

Whatever you do, good luck.

[gulfcoastliberal]

13. I have a few oil-related & other listings if you can invest in anything

Check out petro-related tickers:

BPT
ECA
ERF (divies paid in loonies)
DSX
NAT
PZK
VLCCF
FRO
OMM
TOPT
CHK

Other non-petro but dividend-paying stocks:

NFI (risky loans)
SFI (reit)
HPT (reit)
IMH (mortgages)

Anyway it's late and just thought I'd throw these out there for you to check out.

[Bigmack]

14. I invested in Canada...

... actually Fidelity Canada Fund (FICDX). Bought at $32.48 ... today it's at $39.20 (after losing 15 cents today). The fund is heavy into Canadian oil and gas.

I moved my little ($56K) Tax Sheltered Annuity to Canada Fund on 3 November 2004... a petulant little protest against Dumbya. Now I'm about $12K richer.

Will it go down? Not soon. As I drive down the hiway in my Prius, I just count the Explorers and Navigators and Behemoths, and wait for my fund to go up.

[RUMPLEMINTZ]

18. I'd be careful investing

in Canadian energy stocks or trusts. The money you make will most likely be eaten up in taxes. American stocks are taxed at 15% for dividends and 15% for capital gains. Most foreign stocks will be taxed at whatever your tax rate is. For me that's 30% so I stick to American stocks.

[Bigmack]

23. It's not IN Canada...

it's a US fund that invests in Canadian stocks.

I have to pay US taxes on it (Gotta keep those black submarines going back and forth in front of my house!), but not until I take it out of the account.

And careful? Shit, I watch it every day... ready to bolt and drag it back to money market account.

[Carolab]

17. Excuse me, but don't you think that's just a bit hypocritical?

I mean, buying stock in companies that are trading on other people's misery is just too much for my conscience to bear.

[JNelson6563]

20. I hear military stocks are doing well too!

Ugh.

[OneTwentyoNine]

21. Oh well good for you. Prices here have gone up .50 in 16 days...

Glad to see you making a bundle off of people who can least afford to pay this FUCKING HIGHWAY ROBBERY.

This isn't like the cost of a 50" big screen or a iPod going up--those you can do without. Fuel going up daily is killing those who can least afford to pay.

[auburngrad82]

22. Good luck in the future

You picked a good week. The week before the stock markets dropped considerably.

Also, once the public gets tired of the price fixing taking place by the oil companies there's going to be a backlash.

Don't put all your eggs in one basket. It could cost you.

[oscar111]

24. which co. will get the iraq oil?

or will it be a group of three or four US companies?