I oftentimes wonder if it's better to simply just put my money in a bond fund or CDs...I already have it in a "high yield" savings account that is currently 1.65 percent (Damn you ING Direct). It used to be 3 percent, then 2.75, then 2.6, then 2.4, then 2.2, then 1.85, now 1.65. Everytime I look at the account, I become angry. Those are my returns lost....to this bad economy. The lower interest rates really discourage me from saving more than I would need in a emergency...so I've been moving more and more into investing.
As we speak, at 9:37 PM CST...I am watching oil futures...I sold out of an ETF (Exchange Traded Fund) UCO (Double leverage WTI Crude)...I know oil has tremendous upside both long term and short term growth. So I've been watching this website for signs of the contracts growing closer...and they are...
This means we're likely to see (based on the margins between the contracts...we're going to be out of contango...very, very soon.) Now that I've sold though, I risk buying at a higher price.
Price is always king for any trader...but what price am I really paying? I would like to think that I am investing by my obsession with trading and market movements. I am takings some gains and some losses...But the more I make, the less it means...I think half of it is just the thrill of the knowledge... and stream of information...the market is always moving (neigh for the weeekends where I get some rest). Wow, I guess I really need a relationship.
