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What would you do with $10K?
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<blockquote data-quote="Oilrig" data-source="post: 1120007" data-attributes="member: 9611"><p>OP here's a serious answer. I would use the 10k and buy shares of BP, Shell (RDS.B) and Oxy. BP and Shell yield 7% dividends and Oxy is 5%. These are some of the biggest and most stable oil companies in the world, and their stock price will go up with the price of oil. You can cash the fat dividend checks while waiting for the price of oil to go up. Their stocks are super cheap right now compared to their all time highs. </p><p></p><p>Or you can go riskier and put some money into AMZA (MLP ETF). Dividend is around 20%. </p><p></p><p>I have money in all of the stocks listed above and have been happy with the results so far. Oil is a necessary commodity and isn't going away anytime soon. Oil prices have been at historic lows for years and in my opinion will only go up from here. There's not much else you can do with that 10k that will get you rich since it's not a large sum of money.</p></blockquote><p></p>
[QUOTE="Oilrig, post: 1120007, member: 9611"] OP here's a serious answer. I would use the 10k and buy shares of BP, Shell (RDS.B) and Oxy. BP and Shell yield 7% dividends and Oxy is 5%. These are some of the biggest and most stable oil companies in the world, and their stock price will go up with the price of oil. You can cash the fat dividend checks while waiting for the price of oil to go up. Their stocks are super cheap right now compared to their all time highs. Or you can go riskier and put some money into AMZA (MLP ETF). Dividend is around 20%. I have money in all of the stocks listed above and have been happy with the results so far. Oil is a necessary commodity and isn't going away anytime soon. Oil prices have been at historic lows for years and in my opinion will only go up from here. There's not much else you can do with that 10k that will get you rich since it's not a large sum of money. [/QUOTE]
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What would you do with $10K?
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