Make the high oil prices work for you!! Invest in oil, says Vera Gibbons!!

[mtnsnake]

Gibbons, from Kiplingers Personal Finance Magazine, just did a long segment on CNN about how we can take advantage of the staggering oil prices by buying stocks in oil. With her Bush-like upside-down smile, she excitedly told the viewers how it would be a great idea to have oil stocks in your portfolio because, after all, it's not like prices will go down, but they actually may reach $100/barrel according to her....and she was just about creaming her jeans thinking about it.

Can you believe this shit? This idiot is on the news advising anyone who can afford it to invest in oil stocks.

Yup, let's take advantage of a pathetic situation by helping out the rich and padding THEIR wallets even more.

:puke:

[Skidmore]

1. Who's she getting a kickback from?

[whistle]

2. That's horse shit, only preferred stockholders reap any dividends

...from high oil company profits. The common stock holder can only hope for capital gains and just what kind of capital is being invested in oil companies? They are depleting their oil reserves and essentially will not be able to add new replacement reserves. The companies are also allowing their refineries to deteriorate so capital is being leached away. The last item will be the environmental damage and resulting law suits against the companies down the road which will drain oil companies of future profits.

This kind of advice by Gibbons means that smart money is bailing and taking their coconuts with them while suckers climb on board to shake the trees but will get only dead coconut leaves!

[mtnsnake]

7. "while suckers climb on board to shake the trees but get only dead leaves"

Good one! :hi:

[charlie]

3. Might be a good sign

About time the pop econ bobbleheads notice a trend it's often crested or already on its downward slope. Oil fell a couple of bucks yesterday.

[lectrobyte]

4. I'd love to invest, but I spent all my trust fund filling up the other day

Is it just me, or is all this stock market advice the modern equivalent of "let them eat cake"?

[Gabi Hayes]

5. well, just so you'll know....I "managed" my grandmother's stocks til

she died last year, for about 20 years

she had a mix of steel, utility, telephone, and oil (Amoco/BP) stocks.

I sold off the phone stocks over the years, watching them go down fairly drastically in value (after having them split and increase by a LOT before that). I held the oil stock, thinking that it had the best chance of holding value/increasing

well, it has increased QUITE a bit over the years, in addtion to splitting four times since she's held it. it's gone from the low fifties to about 69 today, with a nice dividend.

so, do the math. it has been a TREMENDOUS investment. dunno if now's the right time to get in, but I'm sitting on quite a pile now, and that doesn't even count the dividends

I have thoughts about owning oil stocks, but I wouldn't even CONSIDER investing new money in the stock market today, given what's going to happen with interest rates. That doesn't take into account what a crookedly rigged game it is.

let the buyer be very WARE.

[Cocoa]

6. sounds Enrony to me

:shrug:

[fasttense]

8. Let me see, should I buy oil stock or food, oil stock or food???

Just like that stupid commentator on our local news station. She told everyone to remind the elderly to turn on their AC because the elderly frequently forget and might get roasted alive. Guess what? They don't forget to turn it on. They can't afford to turn it on you idiot.

[1932]

9. CNN: delivered to the homes of the ultra-wealthy nightly.

If you have no money to invest, how does this help you?

Some people are spending 2,000 a year more on gas that they didn't have to begin with. If only you could buy 100,000 in ExxonMobil stock and put it on your credit card, you might be able to pay for your gas out of your stock portfolio profits.

[mtnsnake]

11. Exactly. Once again it's a scam to sucker fools out of their money by

giving it to rich people. Anyone who invests in oil while prices are so obscenely high deserves to get royally fucked.

[Deja Q]

10. Capitalism is a wonderful thing!

I'm sorry, but I cannot feel pity for any of those nitwits when the system breaks.

But it's their way of life. They'd rather swim in it than think of better ways to do things.