On 1/20/2016 12:46 PM, John H. wrote:
On Wed, 20 Jan 2016 13:06:22 -0500, "Mr. Luddite" wrote:

Wow. Under $27/barrel and many industry experts say it will be going
lower, maybe even to $10/barrel. Layoffs in the oil companies on the
horizon.

Lowest gas price for regular around here that I've seen is $1.83.
Yesterday the same station was at $1.87.

Dow is down big time today also.

Luckily, I wasn't going to sell today. Now might be a good time to put money into a
529 plan - with Vanguard mutual funds.
--

Ya, Vanguard, good plan. I used the total stock market, VTSAX.
I put some money into a 3x leveraged fund when oil was about $35.
I was up 30% in weeks, now... I'm down over 80%.

I looked at some oil company bonds paying 45% to 80% interest.
IF, they survive, you'd get the interest every year, then at redemption
6 to 7 times your initial investment.
Mikek