systemfive t1_j1xyu25 wrote on December 28, 2022 at 5:34 AM

Reply to comment by jcodes57 in Convince me what to YOLO my life savings into by jcodes57

If you wanna double within a year… woof. We’re literally at the cusp of a major recession which could last multiple years.

If you have 80k, I say buy something like Exxon or energy/oil. Maybe split 70/30 in a decent blue chip and 30 on a small cap energy and pray the war keeps going.

Pretty sure energy has been up over 50% this year. Exxon is a decent bet. Do a little research and find a small cap that can go from 5 to 10$ or something.

Energy cycles last way more than one year. Lots of tail wind still available. And even if it isn’t as strong, Exxon is a good place to park money

Shadowleg t1_j1y03f2 wrote on December 28, 2022 at 5:47 AM

this guy does not want a long play

systemfive t1_j1y0u47 wrote on December 28, 2022 at 5:55 AM

I’m tryna spare him his life lol. 12-18 months is a decent long play for energy/oil tho. Exxon is up 78% YTD with more room to run.

But idk what do I care. GL OP