Quote:
Originally Posted by TRDood
a friend of mine just introduced HOU.to to me
CRUDE OIL BULL ETF x2!!!
what do you guys think? HOU.TO and HOD.TO
day trade stocks or keep for long term growth?
i plan to buy it in my TFSA and take advantage of 0 taxes. it's canadian too!
my plan is to buy now, and keep until end of August. It's likely that oil prices are going to double in the summer AGAIN
last year at this time, oil was $110. and jumped to $140 within 1.5-2 months.
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HOU.TO is based on future contracts as most of the the oil etfs. So you will be subject to contango if you hold for a long preriod of time. If you want good exposure to oil for the long term, screw the etfs and buy the oil sands companies such as SU.TO or COS.UN.TO