yet i dont want to bother opening an account somewhere so what would be the next best thing to investing in straight crude? fidelity suggested mutual funds or ETFs? no clue about etfsI want to invest in crude since i know oil will spike up eventually but i can't buy commodoities in my fund?
if you don't want to be leveraged
you can purchase the ETF, OIL or USOI want to invest in crude since i know oil will spike up eventually but i can't buy commodoities in my fund?
DXO (200% daily return of oil):http://finance.google.com/finance?q=DXO
DTO(-200% daily return of oil):http://finance.google.com/finance?q=DTO
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DTO and DXO are inverses. Take a look at recent share prices of DTO (-200%) and DXO (200%)...
Recent prices of DTO (short oil -2X):
July 14th: $21.69 (near record low)
Sept 8th: $38
Oct. 10th: $56.50
Oct. 24th: $70.51
Nov. 6th: $81.30
Nov. 19th: $97.65
Dec. 2nd: $120.43
Friday's close: $142.20 (near record high)
Using the same dates, take a look at DXO (long oil 2X):
July 14th: $28.80 (near record high)
Sept 8th: $15.89
Oct. 10th: $8.90
Oct. 24th: $4.50
Nov. 6th: $4.87
Nov. 19th: $3.52
Dec. 2nd: $3.14
Friday's close: $2.63 (near record low)
google for HSFX Asset Management and no more
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