08-03-2016, 10:03 AM
Decided to finally cut my losses and sold the tiny position I had in USO. This was a purely speculative position which I got it back in the day when oil was low and figured that with time it will bounce back. While the price of oil actually hasn't moved much since then, the price of USO certainly has gone downwards. I don't see a huge recovery in oil anytime soon so I figured that this is the time to get rid of this and invest that money into something that gives me dividends.
I split that cash in two and used it on WFC and HON.
I split that cash in two and used it on WFC and HON.