I did some of the commodity ETF's last year, and discovered at tax time, they increased the complexity of my tax return with an annoying Schedule K-1, or something like that. It was time consuming getting the data into Turbotax.
This portfolio doesn't seem very diversified. And BP has way underperformed even XLE, the S&P500 energy sector. This portfolio might be for fun, or hedging, in addition to their main mutual fund holdings.
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