Gas prices go up?
08-29-2005 | 08:03 PM
#4
One must have a "futures" account, with a brokerage firm. Very, very risky buying/selling futures. To obtain an account, I believe one must have $100,000 in liquid assets (not counting their house)
I would not recommend this. Off course, you could buy/sell oil service stocks and/or oil companies stocks inside of your IRA or a regular brokerage account.
I would not recommend this. Off course, you could buy/sell oil service stocks and/or oil companies stocks inside of your IRA or a regular brokerage account.
08-30-2005 | 09:51 AM
#5
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From: I'm not sell'n anythang... much..
yes you can, as for the requirments I'm not sure....when I owned a small oil company I used to buy/sell futures and hedge. God I don't miss those days..........
08-30-2005 | 10:51 AM
#6
Rennlist Member
While it is possible to make money buying and selling "futures," it's also "possible" to win the lottery.
In the futures game only your broker will make money.
In the futures game only your broker will make money.
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08-30-2005 | 07:36 PM
#10
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From: NorCal
Yesterday filled up for $3.09 (91 octane) in Sunnyvale, CA then drove up to Petaluma for a meeting. Took the long way home through Marin County to look for some twisty roads and saw a gas station in Fairfax selling 91 at $3.29. Glad I filled before leaving. ;-)
08-31-2005 | 09:01 AM
#14
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From: Toronto, Canada
Buy some small/midcap oil and natgas producers to benefit from the commodity lift, I used to run two hedge funds that traded Canadian energy names..great growth potential and a good hedge against the pumps.
