Avoid USO to get long term exposure to Crude Oil
USO fails to give investors long run exposure to Crude Oil: The cost incurred by USO of buying and selling futures contracts in terms of bid/ask spreads, commissions, volumes of trades, slippage and overhead costs is an extremely dangerous long term proposition. Investor capital is being destroyed at a rapid rate.
If you want exposure to crude oil without the extreme costs, do not use USO unless you are using very short time frames.
I'm glad I have advised this to anyone who has asked me over the past 6 years.
Further info to follow or feel free to post your thoughts on what vehicles to use to gain exposure to Crude Oil here.
Tim 10:14AM Friday, January 9, 2015
If you want exposure to crude oil without the extreme costs, do not use USO unless you are using very short time frames.
I'm glad I have advised this to anyone who has asked me over the past 6 years.
Further info to follow or feel free to post your thoughts on what vehicles to use to gain exposure to Crude Oil here.
Tim 10:14AM Friday, January 9, 2015
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