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Aug 4 at 11:21 PM
$ExxonMobil(XOM.US)
The good thing about investing in oil companies rather than oil itself is that they tend to respond less than what affects oil prices but they still behave proportionally. Call it lower beta if you like but the part that I really like is you can choose fundamentally sound companies that can actually buffer against oil prices decline yet soar with oil prices.
Exxon Mobil is one as well as Chevron.
And they can always pivot to clean energy. So that is why I like them in my tech heavy portfolio. They tend to be the ones holding things together when tech is taking a rollercoaster ride.
@Captain's Treasure
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