RE: One Week of War in Iran
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I won't touch surveillance companies like Palantir or weapons companies like Raytheon despite ridiculous profits because I don't want to support their war mongering. On the other hand, I'm a huge fan of Costco (and its dividend bearing stock) because they are the only big box company that helps to increase property and commercial value when they move into a new neighborhood. Walmart and Target do the opposite and destroy value when they move into a region.
The only financial move I made last week when I left the club at 4am and noticed we had gone to war in the middle east was snap up oil contracts at $65/barrel. We already hit my first target of $90 quite easily, so I've booked enough profit that is more than what I earn teaching for 3 months! If we go to $120/barrel, which I think is still in the cards, then I will have doubled my yearly income. War is stupid, I don't like this at all, but at least there is a crude lining to it.
Great job, it may go to $120 or higher, but don't get greedy, book your profit on the way up.
Wise words. I will take a little bit at $100, but I think this war goes on longer. BRICS is ready to make USA suffer and oil is one way to get away from dollar.
Just keep in mind that nobody ever became broke taking profits 😉