IFB133: Intro to Investing in Oil and Commodities

Announcer:                        00:00                     You’re

tuned in to the Investing for Beginners podcast. Finally, step by step premium

investment guidance for beginners led by Andrew Sather and Dave Ahern. To

decode industry jargon, silence crippling confusion, and help you overcome

emotions by looking at the numbers, your path to financial freedom starts now.

Dave:                                    00:36                     All

right folks, we’ll welcome to investing podcast. This is episode 133 today.

Andrew and I are going to discuss commodities and oil a little bit. We’ve not

talked about these before and so we thought we would touch on this subject a

little bit. So Andrew, why don’t you go ahead and share your thoughts with me

and we’ll have our little conversation.

Andrew:                              00:56                     Okay.

so you know, oil has been awful lately. Have, have you invested in any oil

stocks as of late?

Dave:                                    01:06                     Uh

not as of late, but about three years ago, I did buy a company called national

Oilwell. Varco yeah, that sounds right. Yup, yup, yup. Yeah. NOV. Yup. I didn’t

invest in them and I lost a lot of money and then I sold out of it. So that was

not to the bottom at the time.

Andrew:                              01:31                     So,

yeah, yeah, I remember looking back in 2013 and seeing that Chevron looked

interesting. And if you look at their price charts since then, it’s been,

they’ve done like absolutely nothing. I had bought a company that was oil