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+--- Thread: VBIN's oil stock thread. (/showthread.php?tid=1938)
VBIN's oil stock thread. - bankerboy - 09-15-2021
Just a bit happy I bought XLE back in late 2020 when it had a 13% dividend @ 37.xx a share. Finally hit 50 today!
If I could have a redo of 2020 it would be more fun the second time!
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RE: VBIN's oil stock thread. - fenders53 - 09-16-2021
13% dividend for XLE?
VBIN's oil stock thread. - bankerboy - 09-16-2021
(09-16-2021, 07:08 AM)fenders53 Wrote: 13% dividend for XLE?
Only a short while!
![[Image: 3a430fc0141789c425f90fd8ce918489.jpg]](https://uploads.tapatalk-cdn.com/20210916/3a430fc0141789c425f90fd8ce918489.jpg)
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RE: VBIN's oil stock thread. - fenders53 - 09-16-2021
The yield math doesn't work at all. A lot of us owned XLE back then and the dividend was barely over about $2/yr if I remember correctly. Don't sweat it though. The point is those sub $40 XLE shares were a nice score for you, especially since you could have sold them for about $55 about six months later if you chose. And of course I wish I had chosen that lol. I sell covered calls but it doesn't completely fix it. Accurate market timing is a bitch lol.
VBIN's oil stock thread. - bankerboy - 09-16-2021
(09-16-2021, 01:57 PM)fenders53 Wrote: The yield math doesn't work at all. A lot of us owned XLE back then and the dividend was barely over about $2/yr if I remember correctly. Don't sweat it though. The point is those sub $40 XLE shares were a nice score for you, especially since you could have sold them for about $55 about six months later if you chose. And of course I wish I had chosen that lol. I sell covered calls but it doesn't completely fix it. Accurate market timing is a bitch lol.
It was the big dividend paid at the end of 2019 that skews it. My real yield was about 5.6% when I bought it. I looked at it as a dividend growth opportunity and will keep it since my YOC is good. If you remember banks and oil were way undervalued in late 2020. My banks stocks I bought then did very well too.
I still believe we’ve got some growth in the market this year and 6%-8% in 2022 so just dabbling into dividend stocks for long term holds at this point. With 7 years to go before retirement I will gradually increase my dividend focused stock investments over that time. It’s fun finding bargains!
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RE: VBIN's oil stock thread. - NilesMike - 09-17-2021
https://www.cnbc.com/2021/08/12/which-investment-strategy-is-better-lump-sum-or-dollar-cost-averaging.html
https://www.northwesternmutual.com/life-and-money/is-dollar-cost-averaging-better-than-lump-sum-investing/
https://www.fool.com/investing/2020/09/30/3-times-lump-sum-investing-beats-dollar-cost-avera/
RE: VBIN's oil stock thread. - fenders53 - 09-17-2021
(09-17-2021, 10:28 AM)NilesMike Wrote: https://www.cnbc.com/2021/08/12/which-investment-strategy-is-better-lump-sum-or-dollar-cost-averaging.htmlWrong thread
https://www.northwesternmutual.com/life-and-money/is-dollar-cost-averaging-better-than-lump-sum-investing/
https://www.fool.com/investing/2020/09/30/3-times-lump-sum-investing-beats-dollar-cost-avera/
VBIN's oil stock thread. - vbin - 09-23-2021
XLE back at $50. Crude inching towards $80 again.
VBIN's oil stock thread. - bankerboy - 09-23-2021
(09-23-2021, 06:57 PM)vbin Wrote: XLE back at $50. Crude inching towards $80 again.
Yahoo!
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RE: VBIN's oil stock thread. - fenders53 - 09-23-2021
80 was my spring prediction but there is a chance. 65 mid winter wouldn't cause harm. I'm never going to see max profit as I will be lightening up if it gets euphoric. I'll try to leave oil with a good profit just this once.
VBIN's oil stock thread. - vbin - 09-23-2021
If oil goes to $65 this winter, I will be a buyer. Already added some oxy on the correction recently and sold a few XLE puts.
Wanted to add some more eog and ET but couldn't hit the target price.
RE: VBIN's oil stock thread. - fenders53 - 09-23-2021
It would just be from demand cooling off a few months. IMO the problems start at $100 oil. Just too tempting to pump more oil than they should, and desperate politicians making deals. I don't really see where DEM policies have curbed production yet but eventually that happens. At some point that easy oil is necessary to maintain reasonably priced oil during peak season