News for hackers. Stuff that matters.

A comment on Oil Crash is Kicking Off One of the Largest Wealth Transfers in History. Parent comment

Re:Oil Crash is Kicking Off One of the Largest Wealth Transf... by AstroJetson on Tuesday February 02, 2016 @11:12AM (#11020310)
I always suggest Vanguard funds - Vanguard Energy Fund Investor Shares:

https://personal.vanguard.com/us/funds/snapshot?FundId=0051&...

Note that this is SUPER RISKY investment fund. If you look at the chart it has major swings up and down. The fund is down 20% for 2016 (yikes!). But if you had held it from 2012 -> 2014 you would have gotten a 40% return on your investment.

I like Vanguard funds since they have a low management cost to them and they tend to be a little more conservative in their selection.

Good luck, remember me when you make your million!

[ Parent | on HN ]
Re:Oil Crash is Kicking Off One of the Largest Wealth Transf... by Ntrails on Tuesday February 02, 2016 @11:31AM (#11020433)
Other passive investment funds with similar or lower fees and appropriate target sector are available

Also consider whether you want to invest in oil related companies or in the price of oil itself (which is just as possible).

NB. I have nothing for or against Vanguard funds and have heard a few people supporting them.

[ Parent | on HN ]
Re:Oil Crash is Kicking Off One of the Largest Wealth Transf... by tamana on Tuesday February 02, 2016 @04:16PM (#11022681)
>Good luck, remember me when you make your million!

Oldest trick in the book: fove out free advice and take a share of the wins, but don't pay a share of the losses ;-)

[ Parent | on HN ]
Re:Oil Crash is Kicking Off One of the Largest Wealth Transf... by AstroJetson on Tuesday February 02, 2016 @05:52PM (#11023364)
No, the oldest is to give out free advise, get a commission on the buy and then win or loose get a commission on sale.

That's the key underpinning to the stock market. Just ask any broker.

[ Parent | on HN ]
Re:Oil Crash is Kicking Off One of the Largest Wealth Transf... by protomyth on Tuesday February 02, 2016 @01:18PM (#11021229)
Vanguard is actually quite good just for the nice web site and ease of use.
[ Parent | on HN ]
Re:Oil Crash is Kicking Off One of the Largest Wealth Transf... by mywittyname on Tuesday February 02, 2016 @05:19PM (#11023140)
I just exchanged a bunch of other funds for VGENX. These companies are some of the most profitable in history. Even with the recent massive price collapse, this fund has outperformed the market since 1984.
[ Parent | on HN ]