If pressed, I'd say, yes, "easiest and safest" way. Maybe cheapest (commission-wise) too.
My preference is to buy a package of these companies and to accumulate them individually when I see a particular one reach an attractive level for purchase. Not to buy them all at once as through an OIH. In that way, I also can sell them individually when I want.
However, the prices have come down to where most, imo, are in or at buying levels. So yes, if not already in the sector, my opinion is OIH would be quite okay. I have most stocks on the list that Yahoo shows for majority of OIH components:
finance.yahoo.com
(I don't follow Smith or Weatherford and have no shares. Others above I hold varying positions. --- Another reason I like to buy individually - I can come up with my own weighting.)
RIG and SLB total 25%, according to Yahoo. I've been a buyer of both at both higher and lower prices than current. (I am olding on to my shares)
I'm no expert in the sector or in the specific stocks. Anybody else here with pros/cons of buying OIH or not buying OIH or individual stocks therein, please speak up. (Well, okay, it's really write and post -g-). |
