Outsider Club
Recently, a friend of mine – my best friend, actually – asked me about investing in oil. He wanted to buy now, while prices are low, in anticipation of a comeback.
Ultimately, he did, settling on the Energy Select Sector SPDR ETF (NYSE: XLE).
This is a fine thing to do, especially if prices keep falling lower. There are other ETF candidates out there, too.
Personally, I’ve been eyeing the ProShares Ultra DJ-UBS Crude Oil ETF (NYSE: UCO). It’s leveraged so that whenever oil rebounds it’ll deliver twice the return.
However, I haven’t gone through with it yet, and I’ll tell you why…
Continue Reading at OutsiderClub.com…
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