The thing about oil, it never goes as expected.
Just reminding all that oil wonât go away. You need oil to power jets , heavy tractors and all plastics in cars etc are made from oil products. They do more than just gas for cars. Electric might work on cars but not heavy trucks and machinery. Gas is more powerful and they need it on a lot of areas.
Also on stocks, since we all have 401s mostly, when you get ready to retire, take your 401 and convert enough to dividend stocks to create a revenue stream that you need which keeps your principal in tact. If you just have stocks and use 4% from it a year, you eat away that principal. The dividend way is like creating your own pension from your 401 then leave the rest in stocks to keep growing. Iâm not there yet but thatâs my plan.