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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (7376)	8/5/2019 4:13:31 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26822

Good luck! I'm not much of a fan of oil company investing, probably because 80% of the people in my state want them to go BK and will do and vote for anything that helps that happen. I believe several other states are the same... I inherited a small position of XOM about 11 years ago and sold it in the $80s then added some of my funds to the total to buy $10K of SPY at just under $88 on 10/10/08. I thought it was a good time to "put away $10K into the S&P 500 that I was recommending in free articles when the markets were down huge to see how $10K would do going forward." I sold all the reinvested dividends a couple of years back when the position was up about 4X and I was worried the new Trump tax plan would force me to use FIFO... and the position is still up about 3.3X today... while I think XOM pretty much paid a dividend and went down a bit.. and many states and countries are talking about outlawing ICE (gasoline powered) vehicles.... Hard to believe that XOM is actually down since then!