/biz/ - Business & Finance

I'd buy some Chevron soon, but there is a good possibility it dips again yet.

so many normies thinking they are smart to buy now

>>18102088
No my dad literally wants to buy Crude, is there a way to do this without having to go through shitty banks? Not sure if I trust a service like Robinhood.

I bought 4 shares in exxon mobil the other day and I'm already at a gain of $4, could always dip more again but long term you'd still make money.

>>18101932
if he's longing then yes
tell him to buy a LOT if that's the case. Find a good financial manager who understands how to interperet patterns to find a good bottom. if you know how, kudos to you and good luck.

PS: This isn't the bottom.

>>18102533
How do ETFs work exactly? I don't really get it. Can't I just buy Crude stocks at the current price and wait for the green line go up?

>>18103262

just get FENY and call it a day

>>18101932
Buy at $5 a barrel.

>>18101932
You can buy ETFs that essentially just hold oil futures, Horizons has one if you are in Canada. I do NOT think it's a good idea. The supply is being kept high over a disagreement between Russians and Arabs, the most stubborn people on Earth, and the demand is 0 because planes can't fly and people aren't driving. I drove past several gas stations selling gas for $0.60/litre without a single person filling up this morning.

>>18103578
Last time oil was this low was like 1998. Oil is the life blood of the economy, surely it will go back up.

>>18104375
It should go up but it'll take some time and if this virus shit doesn't end anytime soon it'll take even longer.

>>18104559
For the regular pleb who doesn't have any inside knowledge or education in finance this is a good investment. Easy to understand. Guaranteed profit in 5 years max or more likely much sooner.

>>18105666
Ok now how the fuck do I actually invest, I only fuck with crypto. There seems to be a bit of gatekeeping and learning curve to commodities. Maybe I'm just a brainlet.

>>18102276
>So many Norman’s thinking they are smart to buy now

Fucking this

>>18105893
Oil prices are lower than the 50's. Are you saying we are going to 1920's levels?

>>18101932
If SHTF in the middle east price of oil should go up. But that's a wager. There's a lot of ifs that need to happen for that.

>>18102276
probably because its a good idea. oil isnt going to be replaced any time in the next 20 years. if airlines got bailed out, oil sure as shit isnt going to fail. even if you buy now and it goes down further, in a year it will be back to where it was at the start of the year

>>18102276
because it's a great idea. The only reason it's this low is because Russia and SA are pumping for a loss

>>18102276
>>18105893

Yea they are talking about it but are they actually buying though? The problem with buying low selling high is that almost no one has the balls to actually buy the low

>>18105917
Nevermind, it was actually low in the 20's.