It’s the unofficial start of summer, so what are your plans this Memorial Day? If you are focused on your investments and exchange traded funds (ETFs), you are probably within the minority. For those of you heading out on the road, consider where your money is going when you pump plenty of gas into your car for $4.00 plus per gallon.
United States Oil (USO) is one option investors have to hedge those painful prices. Whether you take a car, or ride in an airplane, there is always a way to give back to your own ETF investment. Let’s face it, even if you drive a Hybrid to the beach, you are still reliant on gas and oil.
Other ETFs that could boost your transportation dollar if the high prices keep on truckin':
- PowerShares DB Oil Fund (DBO)
- United States 12-Month Oil Fund (USL)
- iPath S&P GSCI Crude Oil Total Return Index ETN (OIL)
Whether you are taking off to the beach, or to someplace international, or even staying right at home, have fun. And please take a moment to thank those who have sacrificed for the freedom that you know now.
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.