Stop doing stupid stuff with your money

Here’s WTI Crude Oil versus the USO ETF that’s meant to track it over the long, long term. Directionally it’s okay sometimes and then sometimes it isn’t. It’s a fifteen year old attempt at something that probably should have been retired a long time ago. In the lower pane, you can see the range in correlation, which is all over the map: If you’re sophisticated enough to need / want to ...

The post Stop doing stupid stuff with your money appeared first on The Reformed Broker.

source https://thereformedbroker.com/2020/04/21/stop-doing-stupid-s-with-your-money/