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04-19-2010, 09:27 AM
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#501
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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04-19-2010, 09:29 AM
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#502
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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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)
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04-19-2010, 09:40 AM
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#503
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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 Quote:
Originally Posted by ziggy29
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
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04-19-2010, 10:41 AM
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#504
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Quote:
Originally Posted by ziggy29
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...
__________________
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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04-19-2010, 10:46 AM
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#505
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by Nords
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...
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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)
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04-19-2010, 10:47 AM
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#506
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,153
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Wasn't Ziggy the one who broke the last oil/gas price bubble for us? 
Audrey
__________________
Retired since summer 1999.
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04-19-2010, 10:47 AM
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#507
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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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)
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04-19-2010, 10:53 AM
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#508
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,153
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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
__________________
Retired since summer 1999.
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04-19-2010, 10:59 AM
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#509
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Dryer sheet wannabe
Join Date: Apr 2010
Location: Phoenix
Posts: 13
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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.
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