03-06-2009, 11:08 AM
I would do that for fun, however all my investment strategies are super long term, I buy stocks with the idea of what I think they will be worth in 5 years. So my portfolio would probably be very boring for awhile heh.
Vanraw, yes it is a combination of a nice dividend that makes the losses more palatable and the long term outlook of it. Up until last month when it was lowered to .10 a share, it used to pay out .18 a share MONTHLY. That's pretty sweet. Even at .10 a share monthly, compare that to what you would get with your money in a savings account.
It costs 5 bucks a share right now, I bought it at like 6.90 share. But for the past 5 years it has mainly stuck around $20. Oil is SO cheap right now, it's a great long term investment. And the stock is so cheap right now, that in a few years it will have paid back in dividends what you paid for the stock.
Vanraw, yes it is a combination of a nice dividend that makes the losses more palatable and the long term outlook of it. Up until last month when it was lowered to .10 a share, it used to pay out .18 a share MONTHLY. That's pretty sweet. Even at .10 a share monthly, compare that to what you would get with your money in a savings account.
It costs 5 bucks a share right now, I bought it at like 6.90 share. But for the past 5 years it has mainly stuck around $20. Oil is SO cheap right now, it's a great long term investment. And the stock is so cheap right now, that in a few years it will have paid back in dividends what you paid for the stock.