My pick today?
Oil is back under $41/bbl, yet the oil stocks are still too high. I’m going with good ole black gold, crude oil.
I’m buying the ProShares Ultra (2x leverage) crude oil ETF.
Mind you, I’m only buying 3% of portfolio, keeping cash in back pocket for some additional dollar-cost-averaging.
You see part of me wonders if the oil pundits are right; maybe oil could go to $30/bbl. If it does I’ll buy LOTS more.
The last time I bought “UCO” was $15/share on Dec 5th; then it ran up to $17.50 in about five days, at which point I dumped it. Now she’s back to $15/share.
