Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 04-19-2010, 10:27 AM   #501
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,446
Quote:
Originally Posted by haha View Post
New Shiller Interview:

WealthTrack Video on Demand
Thanks for posting. I enjoyed his analysis of oil and how one should have a significant position in oil as a hedge. I feel exactly as he described when going to the pumps and having to pay a higher price. It's not so bad as my oil stocks are doing well.
__________________

__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-19-2010, 10:29 AM   #502
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,613
Quote:
Originally Posted by Dawg52 View Post
Thanks for posting. I enjoyed his analysis of oil and how one should have a significant position in oil as a hedge. I feel exactly as he described when going to the pumps and having to pay a higher price. It's not so bad as my oil stocks are doing well.
Whether it makes financial sense or not, this is to me a good psychological reason to have some investments that are highly correlated to the price of oil and gasoline. Somehow the rise from $2 to $3 per gallon doesn't feel as hard to take when you have some investments that are up considerably because of it. And if the value of those investments dropped, you have the silver lining of less pain at the pump.

Of course, this works best if you're a "glass half full" type and not a "glass half empty" type.
__________________

__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 04-19-2010, 10:40 AM   #503
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,156
Quote:
Originally Posted by ziggy29 View Post
Whether it makes financial sense or not, this is to me a good psychological reason to have some investments that are highly correlated to the price of oil and gasoline. Somehow the rise from $2 to $3 per gallon doesn't feel as hard to take when you have some investments that are up considerably because of it. And if the value of those investments dropped, you have the silver lining of less pain at the pump.

Of course, this works best if you're a "glass half full" type and not a "glass half empty" type.
Precisely why I bought USL in Feb of 2009. Wish now I'd bought more...
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 04-19-2010, 11:41 AM   #504
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,620
Quote:
Originally Posted by ziggy29 View Post
Whether it makes financial sense or not, this is to me a good psychological reason to have some investments that are highly correlated to the price of oil and gasoline.
Of course, this works best if you're a "glass half full" type and not a "glass half empty" type.
I feel obligated to point out that another approach to the problem, both psychological and financial, would be to try to use less oil & gasoline...
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 04-19-2010, 11:46 AM   #505
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,613
Quote:
Originally Posted by Nords View Post
I feel obligated to point out that another approach to the problem, both psychological and financial, would be to try to use less oil & gasoline...
And I'd feel obligated to further point out that the two are not mutually exclusive!
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 04-19-2010, 11:47 AM   #506
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,538
Wasn't Ziggy the one who broke the last oil/gas price bubble for us?

Audrey
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is offline   Reply With Quote
Old 04-19-2010, 11:47 AM   #507
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,613
Quote:
Originally Posted by audreyh1 View Post
Wasn't Ziggy the one who broke the last oil/gas price bubble for us?
Yeah, but I didn't mean to take the whole economy down with it.....
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 04-19-2010, 11:53 AM   #508
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,538
Quote:
Originally Posted by ziggy29 View Post
Yeah, but I didn't mean to take the whole economy down with it.....
Yeah - but that didn't bring down the economy. The housing bubble/CDOs did. You didn't buy a house at the time or buy some CDOs at the time did you?

Then we could really blame you!

Audrey
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is offline   Reply With Quote
Old 04-19-2010, 11:59 AM   #509
Dryer sheet wannabe
 
Join Date: Apr 2010
Location: Phoenix
Posts: 13
I like them oil stocks, especially MLPs. 5% of my money is riding on three of them right now. I move around from company to company, but all are yielding close to 10%and that's a very nice income stream.
__________________

__________________
MWaterman is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Bear Market Rally? Maurice FIRE and Money 69 05-17-2009 04:33 AM
Tsunami rally? Bring it on! Meadbh FIRE and Money 26 11-30-2008 07:48 AM
Will you sell Equities in a Rally? Bikerdude FIRE and Money 37 11-03-2008 01:13 PM
rally has second leg? semtex FIRE and Money 6 07-22-2008 04:16 PM
So Much For The Fed Pause Rally haha FIRE and Money 29 08-10-2006 06:32 AM

 

 
All times are GMT -6. The time now is 04:21 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.