I filled my car up with $2.19 gas. It will take awhile to make up for the $5,000+ I’ve lost on energy stocks.
Don’t forget the impact of energy prices upon other things that you buy, too.
Piker. I've lost $66,000 on energy stocks.
‘I filled my car up with $2.19 gas. It will take awhile to make up for the $5,000+ I’ve lost on energy stocks.”
I’ve lost nothing on my energy stocks since I haven’t sold them. I purchased them in the early 1990’s and enjoy the dividend checks I receive quarterly. As long as the dividend checks continue I’ll hold onto them no matter the price in the market on any given day. After all the annual cash dividend is 25% or more of the original purchase price. I can’t find an investment anywhere with a 25% annual rate of return and the low risk of dividends from Exxon, Chevron, and a few other oil companies.
At today’s closing price the dividend yield on Exxon is 3% and the yield on Chevron is 4%. Much better than CD’s with much less risk unless you believe the oil industry is going to collapse and the majors will reduce or eliminate their dividends.