Re: investing...throwing darts.... - Saab General Bulletin Board - Saabnet.com
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Re: investing...throwing darts....
Posted by davidgmills [Email] (more from davidgmills) on Thu, 12 Jan 2012 17:07:14
In Reply to: investing...throwing darts...., GFW3pedals [Profile/Gallery]
, Thu, 12 Jan 2012 11:09:33
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My father-in-law worked for Exxon for 35 years and although he did not have a college education, he managed to buy Exxon stock and retired off of his stock. His Exxon stock did very well for him. I decided to follow suit and wish I had done it much sooner. If I had, I would be very comfortable today. The truth is that oil is really the world's money. Fiat currencies are just to prone to abuse and not market driven. But oil makes a great currency. So oil stocks are not just an interest in a company but a currency as well.
In 2002 Exxon was about $42 a share in January. Ten years later it is $84. Not bad for what is probably the safest investment in the world. And in 1992 it was $15 a share.
Hard to beat that.
posted by 75.66....
Posts in this Thread:
- investing...throwing darts...., GFW3pedals , Thu, 12 Jan 2012 11:09:33
- it just depends on what kind of fund your looking for, vvack0matic , Sat, 14 Jan 2012 15:13:12
- Open a fidelity account, pony, Sat, 14 Jan 2012 03:55:36
- Re: investing...throwing darts...., pennydini, Fri, 13 Jan 2012 12:37:43
- It's all about asset allocation and costs, RodM, Fri, 13 Jan 2012 09:23:16
- It's all about the fund managers tr.............., soccersaab, Thu, 12 Jan 2012 19:41:44
- Re: investing...throwing darts...., Reality, Thu, 12 Jan 2012 17:11:41
- Re: investing...throwing darts...., davidgmills, Thu, 12 Jan 2012 17:07:14 <-- Viewing This Message
- Re: investing...throwing darts...., TML , Thu, 12 Jan 2012 14:59:25
- Re: investing...throwing darts...., John Myers, Thu, 12 Jan 2012 12:14:16
- Index Funds vs. Actively-Managed Funds, Bill Homer , Thu, 12 Jan 2012 12:10:58
- Re: investing...throwing darts...., James, Thu, 12 Jan 2012 11:50:47
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