Comus Venture Capital
07/12/2022
I've been asked by a few folks why oil stocks are going down even with high oil prices. My comment is that the market is forward looking and it's suggesting that the US/Global economy is likely to go into a recession which will destroy the demand for oil. They are anticipating that oil prices will be going down in the future.
The saying I've heard that I like is "The best way to solve high oil prices is high oil prices".
Why Are Oil Stocks Down Today? Why are oil stocks down today? The price of oil is dropping due to recession fears. Let's take a closer look at what to expect moving forward.
Everyone who has the capability to should be maxing out their IRA every year for retirement. Depending on your income, you can fund a Roth IRA or a Traditional IRA that can be converted to a Roth IRA (financial advisor can help with this).
At a certain age when retirement rolls around, you are able to withdraw your Roth IRA and not pay taxes on gains you've made over the years. Below is an article with more info. Please reach out if you aren't sure where to start with an IRA, it should be the foundation of your retirement planning.
https://lnkd.in/eHFCHHPZ
According to Albert Einstein, “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.”
Read the article below. Understanding compound interest is the key to investing and being able to retire. Make whatever sacrifices you can to invest now so your money can compound over time.
https://lnkd.in/giNC4neu
Below is a website that I use to review commodity prices and a few article that help explain the inflation we are seeing and what's happening with commodities.
A few comments on commodities. Lumber prices spiked during the peaks of Covid so the decrease of cost in the past year there is probably a correction. Silver and Iron Ore prices are significantly down over the past year, but not yet below pre-pandemic levels. Platinum on the other hand is down significantly over the past year and is currently below its pre-pandemic price and well below its price 10 years ago. Is now a good time to buy platinum? Post your thoughts below.
https://lnkd.in/gNunhCZa
https://lnkd.in/g5MbewBi
https://lnkd.in/gbMZdiz8
Disclaimer: I am not a CFA and am not professionally licensed through any financial exams. The info posted is just my thoughts and opinions.
Unlike typical Venture Capital firms, Comus is a boutique firm that focuses on service to our clients. We identify investments outside of the traditional investment vehicles and pool clients together to purchase an equity stake in these opportunities. The types of investments we identify for our clients range from startup companies to real estate.
If you are an investor who is already on track for retirement and interested in investing outside of the stock market, please visit our website to learn more about our investing process. Also, please follow our page for posts and articles on investing, the state of the economy, and other financial information.
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