I'm serious Exxon Mobil (xom) and Chevron (cvx) stock are currently both in the low 70s per share. Not exactly a bid deal of money. I personally have been buying both for 7-10 shares a month since 2003 when they where both in the mid 30s and the dividends pay for a huge portion of my gas costs each year currently about 70% not to mention I have double my investment already in under 36 months (lets see a worthless Cd or money market do that). Unless you have a child fetish or a consumerist whore there should be no reason for you not to tak advantage of this opportunity and use your dividends to pay for almost all your gas( depending on how many share you have of course).
2006-11-29 12:46:04 · 4 answers · asked by Anonymous in Family & Relationships ➔ Family
Aren't you clever. It's good advice, but your assuming that after folks pay for their gas they have 70 bucks left over to buy a share and wait for the dividends to come rolling in before they have to go to the gas station again. Also, some people have a problem with being so deeply in debt to maintain their middle class life style that 70 dolloars is a big amount of money after they pay their bills at the end of the month. What does a child fetish or being a consumerist whore have to do with anything? I think you just want people to think you are lush and brilliant with money.
2006-11-29 13:01:40 · answer #1 · answered by ruthie a 2 · 1⤊ 0⤋
Who are you calling Middle Class? The truth is, the Middle Class people don't have the money to invest in oil or anything else. They are doing well to invest in mutual funds at work (as I do). It takes everything a Middle Class family makes to live. I may have some of the stocks to which you refer, but they were purchased by my investment specialists. I invest through Lincoln Financial because I don't have the time or the expertise to select the best stocks.
2006-11-30 15:54:42 · answer #2 · answered by Loyless H 3 · 0⤊ 0⤋
To remain in the middle class, on does not take unneccessary risks, as that could push them into the lower class.
They often refuse to gamble, and with the rapidly fluctuating oil economy they wouldn't dream of buying any such stock, no matter how sensible.
2006-11-29 23:22:38 · answer #3 · answered by got_iain 2 · 1⤊ 0⤋
Sure, if I had 70-plus dollars to throw away.
2006-11-30 05:09:09 · answer #4 · answered by Voodoid 7 · 0⤊ 0⤋