Knowledge is power, and can translate to profits as well. If you’re tired of whining about prices at the gas pump, you should know that, yes, you can fight back. In fact, you can profit from rising gas and oil prices even if you are a small investor.
Oil and unleaded gas trade on commodities exchanges. That’s how their price is ultimately determined. Trading futures contracts is not a game for the novice, but there are other ways to invest in oil and gas. It’s so easy 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 “> Author Box James Leitz has 1 articles online
A retired financial planner, James Leitz has an MBA (finance) and 35 years of investing experience. For 20 years he advised individual investors, working directly with them helping them to reach their financial goals.
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