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I'm thinking about borrowing $20,000 and investing in an ETF that tracks the price of oil. If you know the price of oil is going up it seems like a foolproof investment? Any thoughts

The price of oil might not go up steadily. The reason for this is that oil companies enjoy the "excess oil profit," which means that the oil they sell today, the bought 18 months ago at those prices. So for them, it would not be profitable for the price of oil to be continuously going up, they would want it to continue fluctuating, and since they buy a whole lot of oil, they have a lot of say in controlling the price through demand. Rather than throw your money to the wind, get a stock adviser or something like MotleyFool [www.fool.com] to help you get get started in investing wisely. (helped me)

Here's an MSN finance page about the specific ETF. http://moneycentral.msn.com/co... Report It

I doubt the price of oil will go up, unless there is another catastrophe event like terrorist attacks. Price of oil will resume around these current levels. Invest in techs, the Nasdaq looks very bullish.

BAD MOVE!

your first problem is BORROWING MONEY! This is a NEVER MUST DO! The price of Oil is NOT going up any time soon in fact my target for USO is under $40 which is now at 44.63 and the OPEC cartel is NOT honest in making their cuts.

Don't go

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