Investing General Discussion

NG up to 3. I sold too soon (Friday). May have to return.

Oil is about $0.26 per gallon right now before the contracts are up.

Locnar said:

should just leave it in the ground

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Shutting off an oil well is not trivial. Producers often prefer to sell at a loss.

Someone mentioned earlier gas was going up and down around $0.35/gallon at the refinery right now before transportation and taxes.

Kiroy said:

give me 10 million i'll dump as much oil into the river as you want

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That didn't work out so well for Exxon and BP.

Borzak said:

Someone mentioned earlier gas was going up and down around $0.35/gallon at the refinery right now before transportation and taxes.

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If that was me, I was referring to natural gas.

This mess smells like a bottom.

Sorry Im crabby. There are opportunities here. I want ideas. I'm back to 85% cash, want to commit it to something. This isn't just BTFD for you Karens. Old dogs can learn new tricks.

Sanrith Descartes said:

The last month or so has really jaded me. I see a day when we move less than 2% in either direction and I'm like "yawn, what a snoozer". I am truly unfazed seeing my portfolio down 2% or less. Its really kinda fucked up. I have circuit breaker syndrome.

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Got to adapt. The IV on your options is dropping. So don't pay up. Unless proven, the lows have been seen on a lot of stuff.

Foler said:

Thanks. I'll do my homework, reevaluate and prob circle in next month with some more questions.

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Here's the value of that advisor. If the market tanked 30% again, what would you do? Would you panic sell and lock in the losses? The advisor can give a buffer in those instances and talk you off of a ledge. If you're instead the person that would add cash to see it as a buying opportunity or just ignore the ebbs and flows besides some rebalancing once or twice a year, then it's probably not worth it. They can also be worth it for tax loss harvesting, which is more of pain to do on your own.

Disclosure: I work for a SMA firm who work directly with financial advisors. We do very little active management and I can see value in the portfolios with loss harvesting.