DislikedThanks for your reply charron. I don't know. I have very little experience with ETFs. I don't really understand them (perhaps you could explain). All I want to do is go long on the oil price. I checked out USO, but it doesn't seem to mimic the oil price itself as the price is 9,65USD... Does an ETF exist that exactly follows the price of oil? "9,65" means little to me, I sort of wouldn't know at what price to sell it.Ignored
USO mimicks the movement of oil price. Check out the charts. If oil price rise by 20 dollars, USO price will also rise by 20 Dollars
I purchased it at 8.80, I plan to keep it for 3 years
Many brokers let you purchase ETF commission free, all you need to pay is 0.45% MER/year