RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Short term vs Long termnewtonboy...thanks for your response
I guess I misinterpreted your previous posts and perhaps that of others here. With all the talk of the future of EVs and oil and it seemed to me that you and others were long term investors in oils. My reason for thinking that is that if you are a short term investor in oils then none of that discussion really matters and all that matters are things I have talked about in regards to short price inefficiencies and what Migraine talks about in terms of short term fluctuations in the price of oil which is largely dominated by the paper trade and oil traders and broad macroeconomic considerations - not whether EVs will take over the world or not.
In terms of investment strategy, I would say that my approach is multifacitated. I adjust my overall asset allocation based on my view of where we are in the business cycle and macroeconomic conditions. This involves decisions about the relative mix of equities, cash and fixed income.
i do have a core of long term investments which I will underweight or overweight depending on my asset allocation but irrespective of all that I do surgically play shorter swings and seize short term advantages. For example, since last August I have made 4 roundtrips on LCS which each roundtrip lasting 1-2 weeks on average with returns between 10 and 25%. I have also done the same albeit with smaller returns on BEP during the same period.
In terms of your comment about about EV startups, yes, as I mentioned before, I don't own any EV companies although from time to time I have played a short swing on TSLA. Rather, again as I mentioned before, I focus on looking for companies which are likely to prosper and have solutions to the inevitable problems that Governments will create with their fascination with climate change. Some of my investments in this area are longer run in nature such as the private company that I have invested in and electricity generating companies.
My core long run investments are in companies with solid/steady growth prospects, great managements and ones that grow their dividends each year.
If you are comfortable with SU with its current dividend and think that Kruger can squeeze out some positive growth in the SP for a decent total return then all the power to you. My take is that when I look around the universe of possible investments I see many options that provide a higher return with less risk even in the short run such as high dividend preferred pipeline shares in a declining interest rate environment that we are likely going to see next year.
Anyway - great discussion and I look forward to your reply.