SanFranciscoJim

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  • Adding to My GE Position
    I am having a tough time understanding why GE is so cheap. It is trading at a P/E of 12, not 18, btw. I have recently bought 100 more shares and will soon buy 100 more.
    Jun 29 02:11 am |Rating: 0 0 |Link to Comment |View article
  • In Light of Peak Oil, Financial Diversification Is a Bad Idea
    How much does it cost to convert Coal to liquid via coal gasification technology? That is a realistic long term maximum for the price of a barrel of oil and I think that the number is around $90/barrel. On the other hand, coal gasification produces lots of CO^2 and unless we develop a good way to sequester it, it is a dead end as well. At some point we will reach "peak coal" but that is probably beyond the timespan of even a very forward looking investor.

    Diversification is a no brainer and it is reckless to have all your money concentrated in one or two stocks or even one or two industries. I am personally mostly invested overseas, to protect myself against the falling dollar, but I am invested all over the place, not just in oil and commodities.
    May 30 13:05 pm |Rating: 0 0 |Link to Comment |View article

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