Oil has a big impact on our economy.
Sheldon Harber, President of Asset Strategies, Inc. explains why you should consider the oil sector for your financial planning.
I’d like to talk today about energy – how it plays a role in your portfolio and how you can participate; how you can participate.
The pros and cons of oil and energy are really important because like any other type of investment, you have to account for volatility
With energy, volatility can be high. When there are geopolitical problems in the world, supply can drop.
Oil and energy markets are based on supply and demand.
The theory is the more oil we find, the more prices drop but we never know for sure.
There are many things that affect the oil and energy sector.
There are companies that sell the finished product, like gasoline. Oil is used to manufacture many products, like plastic. There are companies that manufacture the large tools and equipment that drill and mine oil, companies that make equipment and transport oil throughout the country.
You can invest by purchasing individual stocks, specialized mutual funds, exchange traded funds (also known as ETF’s) and you can even buy the oil itself as a commodity which is traded as oil and gas.
My point is that energy can play a role In your portfolio but like any other type of equity investment, you need to be careful to make an appropriate amount for your particular need and goal.
The views expressed are by Sheldon Harber and should not be considered legal or tax advice. Please see a qualified attorney or accountant for answers to specific questions.
Investors should carefully consider the investment objectives, risks, fees and expenses before investing. For this and other important information please obtain the investment company fund prospectus and disclosure documents from your Rep/Advisor. Read this information carefully before investing. Diversification and asset allocation strategies do not assure profit or protect against loss.
You’re best served by an experienced financial and tax professional. Asset Strategies, Inc. has been serving clients for over 60 years. Visit us at our website, www.assetstrategiesinc.com, call us at 314–432-0288 or email me at Sheldon@assetstrategiesinc.com
We also provide services in Chicago. Call Paul Wedeen at 630–556-4672 or email him at Paul@assetstrategiesinc.com.
Securities offered through a non-affiliated company, Cambridge Investment Research, Inc., a registered Broker/Dealer, Member FINRA/SIPC. Investment Advisory Services offered through Cambridge Investment Research Advisors, Inc. a registered Investment Advisor
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