Will it work?

According to an article in the Wall Street Journal, companies are buying oil now to sell later when prices rise.

So my question is will it work?

Not an uncommon strategy by any means.  Buy low, sell high.  The ship itself holds 3 million barrels of oil.  But that isn’t the only one.

Other major traders including Vitol SA and Koch Supply & Trading Co. Ltd also have chartered super tankers with a combined total of more than 30 million barrels.

Of course the reason for all of the stockpiling is the oversupply in the market.  The old supply and demand equation.  The oversupply of oil has caused its price to be lower than what the price is thought to be in the future.

Also a contributing factor is that the USA isn’t as dependent on oil from OPEC as we used to be. We are getting more than enough oil now from our own production and from Canada and Russia that we don’t really care much about what OPEC does.

And you know what?  That feels pretty good doesn’t it?

And OPEC can’t do a thing about it either otherwise they would have decreased their own supply in an effort to drive the price up.  Why can’t they do it this time?  Because they would just be shooting themselves in the foot.  They would be driving their price up while the supply from North America and Russia remains low.

So back to my original question.  Will it work?  Will the traders be able to save enough oil off shore to make money off of it when and if the price goes up again.

Oh, now there is the meat of the question?  Will the price go up again?  No one know the answer to that any more than no one knew that the price would be this low again.

You never heard anyone before this saying, “hey, you know the price of oil is going to go back down to $40 a barrel!” Heck no that didn’t happen because as much as the prognosticator think they can predict the future – they can’t.

My answer to the question is no, it won’t work.  Why? Because the cost of storing the oil is going to be more than selling it.

Meaning I think the price is going even lower.

That’s the opinion of me, I am not a trader.

How To Receive A Guaranteed Retirement Income

Many studies have shown that the number one fear that Baby Boomers have, even more than death itself, is outliving their money.  As a Baby Boomer myself, I can fully understand this.  After all, who wants to run out of money when you aren’t able to earn an income anymore?  Why couldn’t you earn an income?  Maybe you have been diagnosed with a horrible disease that leaves you unable to work.  Or maybe you were in a car accident that left you so injured that you cannot work.  Or heck, maybe you have worked hard all of your life and you just don’t want to work anymore.  The idea of spending time with the grandchildren and spoiling them like you had always envisioned, is what you want.  Whatever the reason there is a way to guarantee your retirement income.  There is more than one way to achieve this goal, but here is one.  Please click here to continue reading.

Happy Father’s Day!

I hope that everyone had a really great Father’s Day. I made a very short video that you will find here on my blog.

Ever since then, I’ve been wanting to write about what I see as the media’s outright attack on men. Call it Hollywood, Madison Avenue, Left Wing Media or what have you, but it’s out there.

A prime example that you may have seen is from AT&T. You can check it out here.   In the commercial you see a group of realtors at an AT&T store shopping for a new wireless plan. The women are all together with the man being off to the side. The women all look very powerful with roughly the same hairdo. And of course we have the new obligatory pretty girl AT&T spokesperson. The man is put off to the side and never says a word. And when the lead woman says, “Let’s close.” He is left not knowing what to do or how to do it. He is portrayed as an outsider to the women and worst of all he is portrayed as an idiot. This is certainly not the first time that this has happened in the media.

Another prime example is Two and a Half Men and Modern Family.

In Modern Family you see a couple where even though the dad is the primary breadwinner he is a doofus with the mom being in charge. I’ve watched the show enough to know about this. Having said that I don’t anymore. In fact I am “lucky” if I watch an hour of TV a day – too many other important things to do.

And it would really be rare to see Adam Sandler be shown as anything but a bumbling idiot.

Nothing personally against these guys – a guy has to make a living. It’s just that the roles that the media demonstrate to the public at large are wrong and misguided.

I am confident that you can think of examples that you have seen either as commercials or television shows. Going back to the AT&T commercial, wouldn’t it have been just as good if the man did the close as well? What would have been the harm in that? I don’t see any.

Be on the lookout for other examples and let me know what you find. It won’t be hard.

What I do, for you

If I could show you how to create a guaranteed-for-life retirement income, would you be interested in knowing more about it?

Great!  Please read on.

What I do for you is specialize in creating a guaranteed retirement income that you cannot outlive.  How does that work?  I take a portion, that’s right a portion not all, of your savings and use it to create an income for life.

An income that you cannot outlive, and if you wish will continue on to your spouse on your passing.

That’s it.  No gimmicks, no games.  And no I will not chase you.

If this interests you, please call me now.  My toll free number is 877-560-7804 or email Randy@RetirementMogle.com

Your retirement income, guaranteed.

On my mind today . . .

Having said that one thing that is on my mind today is the stock market, and it’s no day at the beach hence the photo of my daughter.  Or as I like to call it, the Wall Street Casino.  In terms of full disclosure, I am not a trader nor do I ever want to be nor do I have a license to sell anything but life insurance, health insurance and fixed/fixed indexed annuities.  So the opinions written here are merely my own.

So with that out of the way, I can’t help but think that the market is in for a big “correction” as they like to call it.  It’s just a hunch that’s all.  Well a little more than that I suppose.  The market is in a long, long bull run and a bubble is building.  And you know what they say about bubbles right?  They burst.  And burst this one will.  When is anyone’s guess.  Mine is by the end of the year.  If anyone tells you that it is going to burst in say August they don’t know anymore than the Man on the Moon.  No one can predict the future.


What I do, for you

Do you want to know what I can do for you?

I specialize in creating a guaranteed-for-life income that you cannot outlive.

How does that work?

I would utilize a portion and yes I do mean a portion, some not all, of your retirement savings, put it into an annuity and that would create the retirement income.

How can that be?

I work with the contractual guarantees of the company.  Thus, the company has to be great.

If this interests you, call me toll free 877-560-7804 or email Randy@RetirementMogle.com