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Re: Good move or Bad move??
07-05-2005, 07:53 AM
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#41
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,610
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Re: Good move or Bad move??
I see the Vanguard Energy fund has reopened (VGENX).
I'd say this is the kingfish of energy funds and I've been waiting on the edge of my chair to add it to /and in place of some Fidelity/ETF's, but alas, now that it has opened the door* I don't think I can justify the $25K entry given todays oil price.*
Next pullback I'll be adding this jewel.
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Re: Good move or Bad move??
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07-05-2005, 09:37 AM
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#42
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: Good move or Bad move??
I thought the same thing and then after watching it continue to go up, bought some. My shortest term holding in 2004, yet my highest returning.
I would have the same reservations about buying it now. I think oil WILL go down...but not a lot and I think high oil prices are here to stay.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: Good move or Bad move??
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07-05-2005, 11:31 AM
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#43
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,610
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Re: Good move or Bad move??
 Quote:
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Originally Posted by Notth
I thought the same thing and then after watching it continue to go up, bought some.* My shortest term holding in 2004, yet my highest returning.
I would have the same reservations about buying it now.* I think oil WILL go down...but not a lot and I think high oil prices are here to stay.
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Good purchase.* The returns on this jewel are through the roof.
I think the good times will continue, but the "timer" in me says to wait a bit.
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Re: Good move or Bad move??
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07-05-2005, 11:37 AM
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#44
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: Good move or Bad move??
Buy on a dip. I might. I'd like more energy holdings as a long term (10-20 year) bucket.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: Good move or Bad move??
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07-05-2005, 06:10 PM
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#45
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Re: Good move or Bad move??
What is an attractive dip (i.e., % of decline from current price) for buying energy?
__________________
May we live in peace and harmony and be free from all human sufferings.
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Re: Good move or Bad move??
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07-05-2005, 06:13 PM
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#46
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: Good move or Bad move??
Pfft...I cant tell. Dang fund is up ~45% on a one year basis. I wouldnt buy any unless I saw 10-15%. But then I already own plenty.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: Good move or Bad move??
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07-05-2005, 07:25 PM
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#47
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,610
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Re: Good move or Bad move??
Quote:
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Originally Posted by Spanky
What is an attractive dip (i.e., % of decline from current price) for buying energy?
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Doubt if we'll see a big dip soon.* Couple of hurricanes/storms on the way means the market will be stirred up rightly or wrongly.. My energy funds/ETF's had huge gains today because of that.* If $60 holds here we may not see a dip soon.
I don't feel bad about adding a few hundred to my oil, but I would not feel good about dropping $25K on the Vanguard fund right now.
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