Jimmy2008 (< 20)

Jimmy2008's CAPS Blog

Oil, Natural Gas Stocks

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July 28, 2011 – Comments (2) | RELATED TICKERS: ENY , XOM , BBEP

I am investing heavily in PMs now and would like to invest some cash in oil and natural gas stocks. I would like ETFs. Any suggestions? What about ENY?

I am from Canada. Maybe that's why I like Eric Sprott. According to him, the short-term investment story is PMs, and the long-term one is energy (especially oil).

Thanks!

2 Comments – Post Your Own

#1) On July 28, 2011 at 12:31 AM, Jimmy2008 (< 20) wrote:

Another question: About 65% of my liquid assets are in physical PMs (paid $12.2 for silver and $750 for gold in early 2009). Is it time to sell some of them and invest in PM stocks (maybe in a few weeks)?

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#2) On July 28, 2011 at 1:14 AM, awallejr (84.47) wrote:

Well you linked 2 stocks I always pushed, XOM and BBEP. I can't see you losing money in either. As for selling and taking a profit that really is a hard question. It is something Jim Cramer never responded to well. He would say no one ever got hurt taking a profit, except he is wrong, you do get hurt if you take that profit and reinvest it into a loser.

Personally I like income generating assets. Where gold will go no one knows. Personally I think you are over concentrated in an asset and should do a little more diversification. But that is me.

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