BoulderEllen

Buying USO Is a No-Brainer

I agree oil will be higher - but the time frame is the problem. I have been buying LEAPS on USO - Jan(11) 105 or 110 CALLS... +/- $2.00 a share...so 10 contract is $2000 and controls 1000 shares of stock. As the price of USO goes down, the calls go down, I add to my position. Alot less risk and I have 2 years to watch it happen - or take advantage of a potential political blimp.

International Dividend Investments Can Diversify Portfolio

I would also suggest looking at the ClosedEnd Funds which invest globally. I own EOD, BWC, BGY, IAE, BRG, DHG, DGT, LOR AND LGI - together my yield is over 10% - with tremendous diversification. Within my entire CEF portfolio, we collect monthly and quarterly dividends from more than 1000 foreign companies.

ETF Update: BRIC ETFs Crumble, Investors Stick with Gold ETF

I own GLD - but I bought an 'insurance' PUT which has tracked the ETFs decline.....