How To Gain Profit From High Oil Investment?
If you are tired of complaining about costs at the gas pump, then you need to understand that, yes, you can fight back. In reality, you can profit from increasing gas and oil prices even when you're a small investor.
Oil and unleaded gasoline traded on commodity exchanges. That is how their price is finally determined. Check out this link to get more information on oil investment.
Trading futures contracts is not a game for the novice, but there are different ways to invest in oil and gas. It's so simple even a cave dweller can do it.
Here's how to invest and profit when oil and gas get pricey. Call this your basic investor guide to investing for self-defense. I'll give you 3 investment options. They get progressively simpler.
1. Buy stock in an oil company. Investing in stocks is real easy to do once you open an account with a discount broker. You can buy 10 shares or 10 thousand for a commission of $10.
This is the most difficult of your three basic investment options because you must decide which stock(s) to buy.
2. Buy shares in an oil or oil & gas ETF (exchange-traded fund). Just like above, you do this in your brokerage account. An ETF trades like any other stock. You can invest as little as a few hundred bucks if you like.
Investing in stocks with an ETF is an example of how to invest the easy way. The big advantage here is that you don't need to pick your own stocks.