How to Invest in Oil

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Investing in oil is difficult because the market is very volatile, as oil can go from extreme heights to incredible lows. Find out why market timing is important when investing in oil with help from a registered financial consultant in this free video on investing and money management.

Part of the Video Series: Investment Basics
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Video Transcript

This is financial adviser Patrick Munro talking about how to invest in oil. Oil has been one of the most remarkable commodities in this last year, going up to blistering heights and falling to incredible lows. And this is a very, very volatile market, as it turns out. The rate of return on oil investments can be great, but then again, if you buy at the wrong time, as just witnessed throughout this year, you can lose an incredible amount of your investment. So market timing is very, very important. But then again, if you're a younger person, buying oil is never a bad situation. And unless, of course, if green technologies come aggressively onto the scene and we do end up replacing fossil fuels. In fact, oil is one of the best places to diversify, and I think that every portfolio should have an oil position in it. And it is primarily looked at as a long-term investor. But if you're an oil trader and you're following current trends, up or down, you can make a significant rate of return if you're right on the trade. This is financial adviser Patrick Munro talking about how to invest in oil.

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