“Know what you own” is an old adage when investing, but it's especially important when owning investments that hold futures contracts. BobPisani explains.
Sounds like a good way to bet on oil, right? Except it isn't — because it owns futures contracts, not the spot price of oil.
Investors, in these circumstances, are guaranteed to lose money. A lot of it, especially if it is repeated for several months. The result? USO said it could no longer guarantee that it would meet its objective of trying to track the front month futures contract.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
I Don’t Know If It’s Tuesday or Thursday, But I Know What I’m Doing at Lunch'Clocks are melting Salvador Dali-style, but I'm taking an actual lunch break.'
Read more »
As China splashes out vouchers to revive retail, many just buy necessitiesChina is handing out billions of yuan in shopping coupons to support retailers crushed by the COVID-19 outbreak, but the subsidies are doing little to support the kind of discretionary spending needed to revive the economy.
Read more »
A tsunami of bankruptcies are about to wash away America's retail sectorThe you know what is about to hit the fan in America's retail sector because of the coronavirus pandemic.
Read more »
10 things you need to know before the opening bell - Business Insider10 things you need to know before the opening bell
Read more »
Now Is the Time to Get to Know Your Natural Hair“There are no hard-and-fast rules for how to take care of black hair. What works for one black woman may not work for another. It takes a lot of trial and error to create your own user manual, and when you have a full-time job, it’s hard to find the time”
Read more »
Everything You Need To Know About Hair TonerAccording to celebrity colorists, it’s a total game-changer for color-treated hair.
Read more »