Brad Foss (AP) points out that the new Oil ETf (USO) is aimed at those pining to profit from the multiyear surge in
oil prices is distressing energy and stock-market experts because of
the allure and risks it presents to average investors.
The United States Oil Fund, an exchange-traded fund that is expected
to debut Monday and whose per-share value is designed to mimic the
price of crude oil futures, is most appropriate for savvy institutional
investors and may be OK for a small cadre of consumers looking to
diversify their portfolios.
But that won’t hold people back. If you do dive into the oil patch, be sure to have a stop-loss set ahead of time.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.