OIL update

oil april 2 2015

A lot of oil related ETFs like USO have been bought the last few months. The notion that you will invariable double your money in the next year or two is firmly embraced by most. That may well be the correct prognosis but the real question is not where oil will be two years from now, instead the question should be “Will you still own it if it first goes to $30-35 before that happens?”.