I would like to invest into oil, but i dont know how to. Can someone help? Is it like investing into Stocks or Gold? Stocks has its own symbols, dose oil too? Or am i suppose to buy oil like I do with Gold?
2007-03-19 18:40:45 · 3 answers · asked by hector6man 2 in Business & Finance ➔ Investing
Exxon-Mobil = Symbol XOM. Go to http://www.exxonmobil.com/Corporate/InvestorInfo/Corp_II_ShareholderInvestProg.asp and it will give you the link on how to buy Exxon stock directly from the company. You have to start with $250 or $50 a month through automatic withdrawals, but you can add to it with no fees! If you want to learn how to do this, read "How to Buy Stocks Without a Broker." It seems to go up 20% a year or more. Good luck.
2007-03-19 20:41:05 · answer #1 · answered by Katherine W 7 · 0⤊ 0⤋
There is an oil-tracking ETF, the ticker is USO.
Most of your larger upstream companies would give you exposure to crude, although the direct way of course would be to buy oil futures.
Honestly though, if you need to ask this question, you shouldn't be buying futures...
2007-03-19 19:11:08 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Ask George W. Bush.
2007-03-20 00:00:31 · answer #3 · answered by Geeeyaaa 4 · 0⤊ 0⤋