Drooling Elmo

Bear Bottom Yet to Be Seen - Barron's

Call it what you want, bear market of not, but my oil portfolio of BPT, HGY, LGCY, PBT, PWE and PVX is up 100% with no DRIP, from three years ago and has paid a 12% dividend return over the same period.

This has meant my overall portfolio is still 10% annually into the black with only 30% of my money in oil.

Buy Opportunities Like These Do Not Come Along Very Often

I have 50% of my portfolio in BPT, PBT, PVX, PWE and LGCY and every month when those dividend checks come in I say hallaluyah all the way to the bank. To boot I have owned all of these for 5 years or more, so they have shown decent gains even without the dividends.

Hyperinflation, Here We Come

I get 680 miles on a tankful and I'll only put 5000 miles a year on it. But let's say I drove it 230 miles a week. I would need to fill it every three weeks or 18 times per year.

The amount I saved on the truck offsets the gas price for 57 fillups. At 18 fill ups per year that's a little over three years.

So Andy So, there are always lots of ways to look at things in a positive way. I see bargains everywhere and am buying everything I can find at rockbottom prices!

Hyperinflation, Here We Come

Sorry Andy So, I don't know where to begin. So I won't even try.

I will say though that my newly bought 1999 Suburban has a 44 gallon gas tank and costs me about $200 to fill up now and if I had owned it a year ago it would have cost me about $125 to fill up.

I looked at this vehicle with my neighbor in July 2007 and the asking price was $12,995 and it had 68,000 miles. My neighbor ended up getting it for $12,000. Last week I saw it in his yard for sale and I bought it, now with 74,500 miles for $6700. Almost 50% depreciation on one year on a nine year old vehicle. I'll bet that has never happened before on a vehicle that old.

The amount I saved offsets the extra price in gas for over 3 years.

$11,000 Truck value if gas prices were still $3.15
$6700 Truck value with $4.15 gas

$4300 Savings

$75 Extra cost to fill up tank

$4300/$75