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Offlinezoidbergo
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
    #26544481 - 03/19/20 11:21 AM (3 years, 10 months ago)

I'm thinking of investing in oil or Exxon Mobil. The oil companies have abhorrent practices, but how can it not be a sure thing? Exxon has been around for eternity and I can't imagine things getting so bad that they go bankrupt. The economy is frozen for now, but surely energy consumption will jump right back up once people come out of quarantine right?

I'm thinking 5-10 year terms, not short term. And even if I lose my money, then I get to live in a world where massive multinational energy companies are failing. It's a win-win right? I've traded some bitcoin but never stocks so I'm a bit nervous to get into it, but I have a good bit of savings and wouldn't be hurting if I lost a chunk of them.

I don't think things have bottomed out yet though. Everyone I know seems to to think this will blow over in a week or two even though the experts are saying this is going to last months.

Am I horribly misguided?


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Edited by zoidbergo (03/19/20 11:52 AM)


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