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KFC911 KFC911 is offline
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Join Date: Apr 2002
Posts: 31,081
I'm certainly not offering advice, but I find the recent market correction to have been expected after the run up over the past 7 years. I'm down about 10% overall but one of my long term holdings (Kinder Morgan) has been absolutely hammered as part of that mix. Directly tied to the price of oil I suppose. That said, I doubled down on my position about one month ago and it's up 25% since then, though the previously healthy dividend has been slashed. Don't have a clue what it will do this year, but I'm pretty sure I'll be smiling as the price of oil recovers and I look back a few years down the road. I ain't going to be moving to Beverly Hills with a cement pond however...but I think picking a beaten down energy related stock would be a reasonable alternative to a risky gamble on something I didn't have a clue about...like oil wells
Old 02-24-2016, 03:37 PM
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