WCS mid $51US Will be interesting to see if it bounces at 10.60 or breaks through.
You're tracking the wrong oil price IMHO
Most of the holdings in this stock get paid for WCS or a couple of the other blends of Canadian crude, and those prices are way below WTI, as are several other blends of US crude.
The price of this ETF isn't dropping because of the WTI price, it's dropping because of the WCS prices.
For the newbie, that borrowed money from his father in law to purchase this ETF and is now looking to diversify in a financial ETF with a high distribution.
You're too eager and eager beavers get skinned in this endeavor.
Don't believe the financial planners that sell you something and then tell you "It's all about the long run and over time it will gain in value" IT'S A SCAM.
As soon as I hear an advisor or talking head repeat the well gummed phrase "over time" I shut down and quit listening.
When all is said and done, a loss is a loss. Yes, you can sit back, wait and hopefully you will get back to where you started, MAYBE or MAYBE NOT.
There are no guarantees. NOT EVER.
There is no such thing as a stock that you buy today and put away until retirement, without concerns. Never has been, never will be.
You need to do your own due diligence and don't run with the talking heads or pumpers.
When push comes to shove, even the best stock pickers can't always "pick a bottom or a top"
Once in a blue moon they luck out, that's it.
Most of us, that self invest, ride in the middle.
When push comes to shove, taking a profit is never the wrong thing to do, even if some is left on the table.
One thing I've noticed, when the final ''top'' price or ''bottom" price is hit, VERY FEW STOCKS EXCHANGE HANDS IN THOSE TRADES.
It's the mid range bids where most investment vehicles sell. Of course there is the very odd exception, but those are like winning lotteries.
PRESERVATION OF CAPITAL IS OR SHOULD BE YOUR MAIN CONCERN.
IF YOU PRESERVE YOUR BASE CAPITAL, YOU CAN BUY IN WHEN THERE IS PROFIT TO BE MADE.
YOU CAN'T BUY IN IF YOU'VE LOST YOUR CAPITAL ON YOUR INVESTMENT STRATEGY.
Most people don't have enough money to have a widely diversified portfolio. Those are held by fund managers and a very few very wealthy people.
For average investors, do your due diligence on several different investment vehicles and IF THEY LOOK GOOD, buy one or two and ride them. If they have a relatively predictable swing in prices, it's far more profitable to play the swings than it is to sit back and collect distributions.
If you can, don't do your investing through a personal broker. Get in on the cheap trades through one of the discount brokers and establish a minimum balance to work with. Some offer trades anywhere from free to $10 and up.
Newbie get skinned by persona investment brokerage fees and as often as not their advice isn't worth what you're paying them to do, unless you have an account with over a million dollars.
GLTA the good folks here