Quote:
Originally Posted by Kard63
Can I call up etrade, open an account, and buy commodities just like I would stock? At $38 a barrel I'm ready to buy!!!
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yes you can open up a commodities trading account at etrade to buy oil futures in which it is possible to own the physical oil, but most people don't do this. they just buy and sell the futures like stock and never take delivery of the physical product. you need to buy in lots of 10k barrels or something like that.
like a poster said USO or other similar oil commodity type ETF's are the best way to do this. buying commodities is for the big investors.