Disliked{quote} I am a long-term investor (buy and hold 20-30 years+). I have deployed some of my cash reserves into equities over the past 6 weeks or so but I have kept a lot of powder dry for real estate / any other opportunities that may present. Oil is not in my area of competence, would you have any advice for how to take advantage of the current situation? Any plans for yourself or are you still waiting for it to go lower?Ignored
hard to say this oil move could shurt down the industry. cost of shutting down is not in the price and could be extremely hard to take into consideration.
i would wait even if i got my names where i am looking for panic.
Rule No.1: Never lose money. Rule No.2: Market is always right !