Ask HN: How do I buy crude oil?
I believe oil prices are going to go back up, how do I go about buying some oil? Is there any benefit to using a discount brokerage or can I just walk into my bank? I'm in Canada, does that matter? What kind of fees are acceptable? I have modest investing experience, enough to know that mutual funds are generally a rip-off. I don't have a financial advisor at the moment.
I know it's a bit off-topic but I don't really trust people's opinion on other forums.
Update: I don't want to buy physical oil, just some bits that say I own something that is more or less a direct function of oil prices.
4 comments
[ 3.1 ms ] story [ 16.4 ms ] threadYour best bet however it to just invest in Power Shares Oil ETF, it will mostly track oil, and its the most hands off approach http://finance.yahoo.com/echarts?s=DBO+Interactive#{%22allow...
Sorry, I didn't mean physical oil, but I appreciate the just-in-case correction nevertheless :)
http://www.bloomberg.com/news/articles/2015-11-03/that-time-...
http://www.bloomberg.com/news/articles/2015-11-03/that-time-...