“The next bubble will bust by the end of the year.”
After my first comment, I decided to look at the USO oil ETF google page. Pulled up several articles and found that there are now at least a half trillion dollars invested in them. Another article suggested that people may start moving their funds to other investments before long.
Solid short term and long term investment involves new fads, new tech, new tax breaks or real growth in our population or standard of living. The US is in debt up to its eyeballs......
For the next few years until Congress and state and local governments wake up, averaging a 7% annual return will be an excellent accomplishment for the average investor.
Most of us are locked out from the $10 million minimum investments that return more than 15% per annum.