WhynoT

Hedging Heating Oil Costs with a Single, Convenient ETF

Really? you cant figure out how he came up with 58 shares.. I understand this is a flame post but common...

58*$28.20 (price of etf in article) = $1,636 which is close to the $1,625 he estimated he will spend on heating this season.

I think it is an absolutely fantastic strategy. The author is a true american looking for how he as an individual can look out for his financial interests. No complaining, no whining, no asking for a government subsidized hedging program artificially raising/lowering spot prices so that he can continue in ignorant bliss.

If only the rest of the country were more like this author. The tools to protect yourself financially are out there. With options and etf's tracking every imaginable sector/commodity/price one can truly hedge out any risk they deem as too great to accept for a nominal fee. If you were worried about your financial future the day after the presidential election you could have even bought or sold future contracts for a specific candidate. The tools are out there everyone just needs to put down the stick with a rock tied to it and pick up the laser scalpels laying on the floor.

/end long winded tirade.


On Nov 17 07:48 PM Jack K wrote:

> This seems pretty cool. How did you arrive at 58 shares?